Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

17
Posts
0
Votes
Jason Lee
  • Rental Property Investor
  • Jersey City, NJ
0
Votes |
17
Posts

Wholesale advice on pre forclusure??

Jason Lee
  • Rental Property Investor
  • Jersey City, NJ
Posted

Hello BP, I’m looking for my first wholesale deal & seeking advice on how to move forward. Here are the details:

I came across a FSBO sign via the referral of a bird dog.. I looked up the address and it's a vacant lot. I looked at the property right next to it and it says it's in pre foreclosure. I'm wondering if the lot is owned by the owners of the house that is in pre foreclosure because there are cars parked in the lot with a gate as a driveway. Even though I saw this while using google street view, I'm going to go drive by the property later on.

But what do you guys think? Do you think this is a good wholesale opportunity granted that the lot is owned by the next door owners that are in pre foreclosure.. or maybe if it's just the lot that is FSBO & the pre foreclosure house as separate wholesale projects? What steps should I take going forward if I should at all?

Thanks for the advice in advance!