Pre - Foreclosure Approach

[Maria Mastej]

I am in currently in the early stages of rehabbing my first rental property, and through a little research, I see that the adjacent house is 2 years delinquent on their taxes.  

I know pre - foreclosure is not the prettiest way to go about purchasing property, however, this seems like an ideal situation to have my first and second rental properties adjacent to each other.  Are there any books out there for how to best approach this conversation, or this situation in general?  Has anyone out there acquired property this way that can advise?

Thanks!

[Lydia R.]

@Maria Mastej I would contact the seller, tell them you are an investor, you own the house next door and you are speaking with people in the neighborhood to see if anyone else is interesed in selling. You dont need to read a book to have a conversation with a homeowner, just reach out and see what they say. Invite them over to see your rehab, build rapport and let them tell you about their financial problems. Good luck!