Need help on how to approach pre-foreclosure home owners

[Tony H Truong]

Hello everyone!

My name is tony I am a new real estate investor, I recently just sent out yellow letters targeting pre-foreclosure in Portland Oregon. I was Hopeing if I could use creative financing to obtain the property. ETC lease option, owner finance. 

My question is how do I approach them? Can I even do that,  understand they are in the whole and in need to get out of the house. Also would I be able to wholesale the property? I don't have enough money to purchase the property at all.  Please advice :)

[Jessica S.]

Why are you marketing to people in pre-foreclosure when you don't have a strategy to actually buy anything?

These are people who are in danger of losing their homes, of being put out in the street.  If you put them under contract and then can't deliver you could be putting them in serious jeopardy.

I think you need to really think about what you're doing here.