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Updated almost 11 years ago,

User Stats

2
Posts
0
Votes
Matt Brooks
  • Property Manager
  • Wakefield, MA
0
Votes |
2
Posts

Foreclosure down payment

Matt Brooks
  • Property Manager
  • Wakefield, MA
Posted

am a complete rookie here and have many questions but let's start with one, I am a contractor who wants to start buying foreclosures, if I buy a foreclosure and have let's say 100k to invest, can I/should I put a 10% down payment and use the rest of my investment for rehab costs and/or other projects or do I need to close fully because it's a short sale/ foreclosure?

Thanks in advance

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