Podcast info I learned here first

[Douglas Bennett]

recently heard of someone purchasing through foreclosure.  And there are some unknowns involved with that.  Are tenants still in it? If so you don’t know the whole situation of the rehab.  Is the electric cut off? You may not know if AC is operable.  Any knowledgeable investor knows these things.  But I didn’t.  And I do now Bc of BP.  BP taught me first.  So thanks for basic knowledge. 

[Douglas Bennett]

Quote from @Andrew Postell:

@Douglas Bennett yes, it is common for us to purchase properties in foreclosure...or maybe I should say "facing foreclosure".  Some people will go to the courthouse steps to purchase properties at the foreclosure auction but most of us try to buy before they get to that point.  Are tenants still there?  They could be?  What about the homeowners?  Yup.  Will the HVAC work?  Sometimes.  How do you even know if it's a good deal?  And that's what we are all trying to figure out.  Lots of different strategies out there and you can learn lots of things here and there's even real estate investor groups that meet in person too. You can search for those to learn from other locals what they are doing in your market.  It's a great time to be getting started!

 @Andrew Postell thank you Andrew