How do I make offers on Pre-Foreclosures?

[Kyle Fairbanks]

I am currently in San Diego and want to find a property near SDSU to house hack. I have enough for a 20% down payment on a $450,000 house so I was think rehab fixer or flipper for get a deal with a preforeclosure. Any ideas or ways to go about this?

[Kenneth Donaghy]

@Kyle Fairbanks have you been preapproved? Have you considered a 5% downpayment? I just help a client purchase a live-in flip househack near SDSU a 3bd/2ba 1300ish sqft with a 8000ish sqft flat lot for plan of a future ADU, in a great location, with a 5% down conventional loan with a purchase price of $645K. I mention this to help set expectations, and encourage you to look into your lending options.