Foreclosure.com - Worth the Investment?

[Benjamin Nitz]

Hello BP! I'm a brand new investor from Wisconsin (Fox Valley Area). I have yet to pull the trigger on a property. I'm currently learning as much as I can. My goal is to BRRRR. For the remainder of 2019 I am working to finalize my refi lending partner (95% there), connect with a contractor to partner with, secure my private lender (fingers crossed my dad buy into my plan!), and continue going through properties, and fine tuning my rehab estimate skills, and BRRRR analysis.

Okay, with this said, I am looking into REO properties as a starting point. I'm checking the big bank REO sites, homepath, and I am contemplating singing up for the Foreclosure.com BP deal.

My question for the community, is Forclosure.com worth it? Is there value there? Anyone have success finding deals there? Just curious to get some perspective.

Thanks! 

[Scott Schultz]

Foreclosure.com data is garbage, most of the listings are far out dated, the service brings little to no value. your best bet is to follow the sheriff sales in the counties you want to invest in, also follow the filings in CCAP, most properties dont even make it to MLS anymore, they often get sold at Sheriff Sale, if not the majority are on the auction websites for a few months before listing in MLS. I paid Foreclosure.com for advertising as an REO Broker back in the crash, I got full access to their data sets, and really felt sorry for all the people that paid money to subscribe, I did get leads, but that to was hardly worth it, most of the leads, the buyers didnt have any money or credit to buy.