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Updated about 3 years ago on . Most recent reply

Steve Dowding's profile image
Steve Dowding's profile image
Steve Dowding
  • Investor
  • from Menifee, CA
  • Member since Jul 29, 2020
  • Posts 8
  • Votes 6
  • Experience 4 Yrs
  • Investments 2
Connect

User Stats

8
Posts
6
Votes
Steve Dowding's profile image
Steve Dowding's profile image
Steve Dowding
  • Investor
  • from Menifee, CA
  • Member since Jul 29, 2020
  • Posts 8
  • Votes 6
  • Experience 4 Yrs
  • Investments 2
Connect
Steve Dowding
  • Investor
  • Menifee, CA
6
Votes |
8
Posts
Cleveland Real Estate Forum

Pros and Cons to purchasing foreclosures

Steve Dowding
  • Investor
  • Menifee, CA
Posted

I am a new investor. I currently own one rental property, and I'm looking to purchase another property. However, I'm interested in purchasing a foreclosure in hopes of making a greater profit.

Can anyone share the pros and cons of buying foreclosures? Also, do you have to have only cash to purchase, and can you purchase a foreclosure directly from a bank, or does it have to be at an auction?

Cleveland, Ohio
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