I Need Advice on Possibly Purchasing My First Foreclosed Property...

[Tara Jackson]

There's a two flat building next to my parents house that's in foreclosure- i don't know if it's REO yet. The owner just informed my dad that he was losing the property a couple of days ago.

In my situation (being a newbie) what should I do? wholesale it; find a Hard Money Lender and then fix & flip it; or shortsale (don't know much about this at all) if it's not already bank owned? Or what are some other options?

Thanks!

Tara Polk Jackson
Tarynlin Management Group LLC