Foreclosure and REO investing means buying property cheaply at one of the distress stages of the mortgage default process and then profiting by reselling or renting it.
Log in to followThis is a small one and it is the least exciting deal I have ever done, which is why I am posting it. Land, no house, no tenants, no rehab crew. A regional bank ended up owning ab…
This was a bank-owned two bed plus a converted attic room in an inner-ring suburb, on the market 71 days with two price cuts. List was 164, I offered 141 with proof of funds and a…
I have been building a list for about seven months and said in here more than once that I was not buying. Technically still true. I sold a contract instead. The lead was a 1,400 s…
I mailed 300 letters to a list of notices of default in two zip codes, got six calls back, and one of them was an owner four payments behind on a 1970s three bed I comped at 289.…
Small 2-unit, bank-owned, bought at 148k in a market where similar duplexes were trading around 205k. My plan was 30k of work, refinance, hold it. I've got three small multifamily…