REO properties. How do i start?

[Account Closed]

ok. So I'm a total Newb. Just signed up a week ago. A lot of places near my initial investment property are owned by banks. Can anyone help me with questions on the best way to pick up these properties and start my monopoly approach on Baltic Ave? 

[Tom S.]

@Account Closed  Welcome to BP Patrick!

Typically the REO's will be listed by a realtor and you would make the offer through the realtor. Generally the bank won't accept offers directly as they want maximum exposure and offers by listing it on the MLS.

If it's not listed yet, they could be doing due diligence still, such as determining the listing price, winterizing the property etc.

Good luck!

- Tom