Foreclosure Sales – I need an education

[Frank S.]

I own several rental properties all single family homes and considering another. However, I want to expand my real estate experience by trying a flip. My strategy is to purchase a foreclosure at our County Court House try a flip or keep it as another rental in my portfolio if that does not go well.

I looked at a handful of homes listed and plan on attending the upcoming sale – not buying – to see how this process works. However, I noticed that many of the homes appeared to be occupied?

Before taking this plunge I want to educate myself as much as possible on the risks involved in such a purchase. Can anyone give feedback on your experience or guide me to resources that can educate me?

Thanks!