I Got My First Bite. Pre-foreclosure
Just had a guy call me in Pre-foreclosure or is it forclosure? They sell his property at the courthouse Jan 4th. This may be a terrible deal but, I get my feet wet. I sent him a letter and he showed it to his attorney. His attorney told him to call me (cool huh?) He has been in BK for 1 year and now the sell takes place. Like I said bad numbers but, a learning experience. His place is valued at $53k via the tax collectors office. He said he owed $49K... I didnt ask about liens...
I am suppose to speak with his attorney at 4PM today... Any tips would be appreciated.
Thanks,
Tony
What are you going to offer? Are you going to Fix and Flip or Buy and Hold.
Know your exit strategy before you get in.
I plan to fix up and flip these houses. I an just glad that I got my first call from one...The attorney wasnt in Friday afternoon so, I havent spoken with him. I am not dieing to buy this house I just want to see whats next...
I understand now I need to find a realitor to do comparisons for me... I will call a friend and see what he says about helping me there.. No way to do them myself???
Thanks, I hope this topic is helping others as well.
Tony
Yes I agree. I need to learn more. My realitor friend says I can have access to his mls website and I hope he can teach me about comps.
I really need to learn how to access liens on properties etc... I will have to snoop around our county record department more...
Any suggestions are always welcomed...