Updated over 7 years ago on . Most recent reply
I'm lost on a Strategy, please help!
I want to fix and flip. My thought was to target owners close to a foreclosure auction (maybe 7 days out). My local county website has the dates of property owners upcoming auction then if there is equity in the house and enough of a spread to make a profit... bring property owner current on mortgage and do a "Subject to" contract with 30 days to leave. Assuming I can get property owner on board with this... We would contact the bank together to negotiate a shortsale or something? Really I am lost, plan sucks. What am I missing?