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Updated about 4 years ago on . Most recent reply

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Doug Borchert
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6
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Where to find foreclosure small multi-family opportunities

Doug Borchert
Posted

Hi BP!

I'm new to BP and relatively new to real estate - just bought my first buy-and-hold rental investment this past October. Connecticut and Brooklyn are my "backyards," but these residential markets took off last year so I'm now looking for pre-foreclosure and foreclosure opportunities with small multi-family (2-3 unit) properties. I've seen people mention on here that you can find foreclosure opps by looking at NOD/lis pendens lists, or lists of people late on their mortgage, but any recommendations on how this search might different for small multi-family? And anything specific to NY and CT, since it seems every state is different?

Really appreciate any and all thoughts!

Doug

Most Popular Reply

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Mat O'Grady
  • Investor
  • North Stonington, CT
224
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Mat O'Grady
  • Investor
  • North Stonington, CT
Replied

@Doug Borchert 

Hey Doug, Congrats on the first property! 

If you go to do jud.ct.gov, you can search for pre-foreclosures and foreclosures by town. You can also see the scheduled sales. They are at the properties, on Saturdays, inspection starts at 10 and bidding starts at 12. 

Good luck!

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