foreclosure

[Thalia Aguirre]

Hey BP,

I'm new to the community. I'm interested in real estate investing, but there is so much to learn! I have a question, If my husband and I were interested in buying and apt complex (4 units) at an auction and the units were occupied after the purchase how could we go about that?

-Thalia

[David Friedman]

Hi Nick, I learned most of what I know from mentors that were involved in the business. First thing to look for is if Montana is a judicial or non-judicial state. Then, use a website such as property radar to find out where the auctions are being held for which counties. Attend these auctions and see how the process works. Some states require that you have cash on hand when bidding and other states only require a deposit with the rest due in 24 hours. Some tips: Always check back taxes and liens. A title company can help do this for you. Just explain what you are trying to do. Always drive the property and see it's condition or that it still exists!