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Updated over 8 years ago, 04/10/2016

User Stats

2
Posts
0
Votes
Daniel Fortune
  • Birmingham, AL
0
Votes |
2
Posts

Foreclosure offers/big investors

Daniel Fortune
  • Birmingham, AL
Posted
How common is it for Birmingham foreclosures to go for more than 10% above asking and to out of state investors?

User Stats

254
Posts
136
Votes
Nicholas Armstrong
  • Investor
  • Birmingham, AL
136
Votes |
254
Posts
Nicholas Armstrong
  • Investor
  • Birmingham, AL
Replied

@Daniel Fortune

Are these cash buyers? Flip or buy/hold?

And if they're paying too much for the property then that's their issue. 

What part of Birmingham are you looking in?

User Stats

42
Posts
15
Votes
Jason Green
  • Residential Real Estate Broker
  • Birmingham, AL
15
Votes |
42
Posts
Jason Green
  • Residential Real Estate Broker
  • Birmingham, AL
Replied

totally depends on the venue and stage the foreclosure is sold. If it's REO, there aren't many great deals. If it's courthouse steps, they are there but require serious work to find. The auction sites are usually impossible to get a deal on.

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User Stats

2
Posts
0
Votes
Daniel Fortune
  • Birmingham, AL
0
Votes |
2
Posts
Daniel Fortune
  • Birmingham, AL
Replied

Nicholas Armstrong Roebuck, Pinson, Centerpoint...but I'm looking for good deals on buy and hold under $120K after repairs. I'm just getting started in Birmingham.