All Forum Posts by: Anna Davis

Thanks for some great thinking points.  The few places I have been interested in honestly looked like they would require cosmetic work only. I drove by the properties I was interested in but unfortunately missed the registration date so I’ll be waiting until 2025. This is a good thing since it gives me time to do more research which I know I need. Guess it’s the newbie in me that thinks I’ll only need to do minor repairs.

Okay so I have always been interested in housing/real estate and I work a 9-5 focused on housing. I recently took out a Heloc on my primary home to do a repair and consolidate some debt. Now that that’s done I am looking into use the rest of the funds at a foreclosure auction to acquire my first investment property. Since I am just beginning I am just looking to make a quick sale to build capital. My thoughts are that if it’s in good enough shape I can sell to a consumer buying with a mortgage company or if needs work sell to an investor for a discount to make a profit. My point is I want to avoid paying for the repairs, am I on the right track and is there any advice I should know before my first auction ? Thanks in advance.