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Updated almost 3 years ago on . Most recent reply

User Stats

23
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9
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Jay B.
  • Beaumont, TX
9
Votes |
23
Posts

How to buy Bankruptcy , Pre Foreclosure, Foreclosure Listings Etc

Jay B.
  • Beaumont, TX
Posted

Hi, BP Folks. We seem to have hit a wall. And needing advice on finding deals. I've been buying SFR rentals for a few years now. ( 4 currently 3 of which i found myself) and dealt with the owner directly. Things have been going pretty well. Cash flow is around $1200 a month from all 4 . We did a BRRR and flipped a couple houses the last couple years also. They took longer then planned but we made out pretty good on those. My question is do we keep buying rentals/flips now with prices so inflated and inventory so tight? Just looking for alternative ways to ramp things up. I'm open to foreclosures etc. I prefer being able to get inside and see what all's needed.

Appreciate any help.

Jay

Most Popular Reply

User Stats

1,274
Posts
1,392
Votes
Andrew Freed
  • Investor
  • Worcester, MA
1,392
Votes |
1,274
Posts
Andrew Freed
  • Investor
  • Worcester, MA
Replied

@Jay B. - Try calling landlords who post their properties for rent. I know of a few instances where my landlord friends picked up properties this way. You'd be surprised how many landlords will be open to selling if they had a bad tenant or long vacancies. 

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