Multi family Foreclosures

[Jim Williams]

I saw a video with Brandon Turner where he said that the majority of his Multifamily purchases were foreclosures. As a newbie, are foreclosures common with Multifamily properties?

[Chris Sukala]

@Andrew Angerer we found originally on Auction.com, however it’s was held through a Like a sales or holding company in Chicago and auctioned off live in our town at a title agency. Once you click on the property in Auction.com it will tell you if it’s held by the site or at another place.  

I do believe Auction.com checks on liens and what not but the one we bid on we did we had to do the foot work. 

We lucked out pretty good on ours.  Upper unit lady has been there for 20 plus years and the lower unit was 100% remodeled. Did some painting and was rented right away. We new what the area. We have 1 couple blocks away so we knew our stop point.