All Forum Posts by: Brandon Keener

Ultimately my goal in REI is to do the BRRRR strategy on properties, so in my path to finding deals, ive discovered that many foreclosures selling thru a sheriffs sale in my city (Lancaster county PA) As ive researched many flipped properties (flipping the property would always be my exit strategy/ something else goes wrong) I trace quite a few properties to the sheriffs sales where the Bank (that foreclosed on the property) is buying it back. Then it is sold to another party for a more "market" rate. My questions lies in, how do you become that buyer? is that meeting bank reps at these auctions? calling them?

It seems in my area of research these 3rd party buyers are almost always selling to an investor or RE company. I assume most of these people are wholesalers then?

Just curious if anyone can enlighten me on this topic

Ive looked around some for realtors with foreclosure experience in Lancaster, but again being a REI, im not most realtors highest priority. HA

Side note for any new investors wanting to flip or buy and hold, getting well acquainted with your local real estate tax site and the deed site, you can really learn the $$ story behind a property. Its been a great tool for me building a perspective of my local market

As a very new REI, taking into account many of the strengths I bring to REI and my weaknesses. The idea of creative finance, IE seller financing and lease options sound perfect for me. How does one go about finding agents who are ok/helpful/somewhat knowledgeable?

I realize that if I find properties off market on my own. The agents is not necessary. I am interested in properties i've found via MLS/zillow,relator, etc that are less the desirable/old And after some additional research on my end learn how the current owner acquired the property. Basically they own it free and clear-this would appear to be a great seller finance option.

Any thoughts? help?

Ive often wondered this same thing with Hard money loans. Also what if I plan to do some of the work myself etc. If I have to front money, it seems like a waste to get the loan? I understand most Hard money deals require 10-15% down

great question, I too often feel unsure with this

@Jordan Stewart awesome

What type of property was it? In town? Townhouse?

I’m very close in mount joy Pa

Would love to chat more

@Tyler Gibson as a very new investor, I really appreciate hearing a realistic take on BRRR

As I too think it’s often displayed as a pretty easy process

@Alejandro Calixto

Love this, I too would like to go this direction.

@Alan G.would love to hear more how you built your portfolio an got started, I see your not far from me, I’m in Lancaster, Pa

Thanks Sean! makes sense

@Cameron Lam would love to know how you structured your partnerships

Awesome though!