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Updated over 6 years ago on . Most recent reply

Michael Dorey's profile image
Michael Dorey's profile image
Michael Dorey
  • Investor
  • from Hamlet, NC
  • Member since Jun 29, 2017
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Michael Dorey's profile image
Michael Dorey's profile image
Michael Dorey
  • Investor
  • from Hamlet, NC
  • Member since Jun 29, 2017
Connect
Michael Dorey
  • Investor
  • Hamlet, NC
6
Votes |
35
Posts
Foreclosures

Buying foreclosure property from Fannie Mae

Michael Dorey
  • Investor
  • Hamlet, NC
Posted

Have an opportunity to invest in a foreclosure.  But I have a couple questions.

List price is around 35000.  It is Fannie Mae owned.   Thinking of offering 25000 cash.

Home needs only cosmetic work to make rentable. 

Any thoughts or concerns I should be aware of.

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