Future Investor - BRRRR Question

[Nicholas Duffus]

Hello BP community! I'm reaching out to see if someone can help clarify BRRRR for me. I've been obsessed with Real Estate and building my wealth for the past year. I understand the principles of Real Estate and I also understand the BRRRR method and it's steps. My only question is regarding the financing for the purchase of a "fixer upper". As we know distressed properties typically do not qualify for traditional financing. Being the person I am I like to streamline and make things efficient, so getting traditional financing would do just that. I've researched and I've found that foreclosed/bank owned properties do offer traditional financing. Is this true? Thanks in advance, I will make sure to reply back!

Best,

Nick