Buying foreclosures/REO the right option???

[David Rutledge]

Hi Everyone,

I am living in CA and looking to invest in a few buy and hold properties in the south east area of the US (Florida, NC etc)

I am a beginner investor and would obviously like to get in at the lowest point possible. Should I be looking for REO/foreclosure properties only or are there other ways to get good deals? I will be investing out of my state of residence so I do not want to buy something that needs huge amounts of repair and work (a little painting, flooring and minor repair are fine)

I am just unsure as to whether I should be looking only at REO or if that may be a waste of time for someone in my situation.

Any information or guidance on this matter would be greatly appreciated.

Thanks so much for your time.

David