Updated about 10 years ago on . Most recent reply
Help new investor
Hi, I went past a FSBO, vacant, good neighborhood. I looked up tax records, appears bought house in 2011 as foreclosure, now has a Lis Pendens attached to it since 2014. How can I acquire this property without using own money or credit? Haven't reached out to the owner yet.
Most Popular Reply
What is the Lis pendens for - another foreclosure? It is tough to buy a foreclosure property with no money. In fact it is tough to buy any property with no money.
The first step is to contact the owner and find out
- Is he willing to deal? No motivation = no deal.
- As much as you can about his or her situation.
Only once you know the situation, can you then figure out how to make the deal happen.