Are Foreclosures a Good Idea for First Time Investors?

Are Foreclosures a Good Idea for First Time Investors?

Real Estate Agent · 01913 · Member since 2023 · 9 posts · 3 votes

I am slowly going crazy with how expensive Massachusetts is and I am leaning towards looking at cheaper foreclosure properties.

I understand there is some risk to this but I am beginning to think this is the only option I will have because of how fast the market is growing.

Thank you for any insight you may have!

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  • Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    1y

    Foreclosures aren't a super big source of leads though and most end up on the MLS anyways so they many people will see them. Is there anything you can switch up strategy wise or do you need to expand your search a little outside Boston? Boston is expensive just as any other major city so you might have to pivot outside of it.

  • Real Estate Agent · 01913 · Member since 2023 · 9 posts · 3 votes
    1y
    Quote from @Caleb Brown:

    Foreclosures aren't a super big source of leads though and most end up on the MLS anyways so they many people will see them. Is there anything you can switch up strategy wise or do you need to expand your search a little outside Boston? Boston is expensive just as any other major city so you might have to pivot outside of it.


     I am specifically looking in Essex county, MA because I want to house back close enough to my current W-2 job.

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