All Forum Posts by: Joshua Fredericksen

Do I need to confirm with anyone before showing up? I appreciate you guys doing this!

I just placed my first accepted bid on an online auctioned foreclosed house.

At the close of the auction, I was the highest bidder at $59,900 for a 3bd/1ba in SE Wisconsin. 

But I have not even received my pre-approved offer letter from my bank yet....major mistake apparently. 

I put in the application to get pre-approved the day I found out that my bid was the highest at the auction's close.

For future reference, do investors typically get pre-approved for properties that they haven't even placed an accepted offer? Excuse my great noobery right now! 

I appreciate anyone's input and feedback!

Thanks!

Hello Bigger Pockets Community!

I stumbled upon Bigger Pockets a month ago and have been loving the wealth of information from the podcasts and forums. 

I am making my leap into the real estate and wanted to see what the community here has to say about my situation.

I currently live in Fort Collins, CO and I am looking to purchase some rental properties in my home state of Wisconsin. My motivation to purchase properties there is to be able to find housing for my parents who are disabled and live off of limited government assistance. I feel like as their oldest son its my job to help them if I have the means to. I have been fortunate enough to have a stable well paying job for the 6 years and have been able to save up a good amount of capitol to fund the initial down payment on a multi-family rental property. The plan is to have the parents live in one of those units. With this being said, does anyone have any advise on owning properties in states other than the one you reside in? 

I appreciate your responses.

Thank you!

-Josh Fredericksen