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Updated over 9 years ago,
Buying and Selling Cheap Houses Out of State
I've been searching the forums for hours! I've found all kinds of buy and hold info for out of state but nothing for what I am attempting to do.
I'm looking into buying extremely cheap houses (REOs, HUD foreclosures etc.) out of state then selling them with owner financing.
I have heard of people doing this and I did it myself years ago with not so gratifying results. I would like to know how to feasibly do this without using a realtor to show the houses which wouldn't be cost effective because the houses are sooo cheap.
How do people get to check out the property?
Do you get an entry key when you buy these types of properties?
How would I get this key to prospective buyers?
How do I close on these properties when purchasing/selling?
Could I or should I screen potential buyers and if so how?
I'm sure there are a ton more questions I should be asking. I would greatly appreciate any and all feedback here. Pros, cons, ideas...