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Updated over 7 years ago,

Kelly Lund's profile image
Kelly Lund's profile image
Kelly Lund
  • Real Estate Investor
  • from Reno, Nevada
  • Member since May 25, 2017
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User Stats

9
Posts
10
Votes
Kelly Lund's profile image
Kelly Lund's profile image
Kelly Lund
  • Real Estate Investor
  • from Reno, Nevada
  • Member since May 25, 2017
Connect
Kelly Lund
  • Real Estate Investor
  • Reno, NV
10
Votes |
9
Posts
Buying & Selling Real Estate

Paying cash for homes

Kelly Lund
  • Real Estate Investor
  • Reno, NV
Posted
I am trying to understand how buying houses for cash works. My understanding is that you see a distressed home. You approach the owner, offer to pay cash for their home. What if they owe the bank money? What if they are upside down in their mortgage? What am I missing?
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