All Forum Posts by: Taylor McClure

I was talking to a man a week or so ago, and he said that his friend used to buy properties that were a few days prior to foreclosure. He said it kept the bank from having to execute the eviction process, it salvaged the owners credit by not having a foreclosure on it, and the buyer gets it a much lower cost, because of the leverage of the impending foreclosure. Does anyone have experience doing this, and know how to go about it? Is it public record that I can find online? Or is that something you have to find on your own by dropping off business cards?

@Clark Kirkpatrick thank you!

@Greg Dickerson thank you, very helpful. I’ve thought of wholesaling, but putting it that way makes a lot of sense because you don’t assume as much risk.

I want to do a cash out refinance on my house, and use cash to start off this endeavor with no debt. Do you guys think this is a good start or should I find a hard money lender? My plan is to keep flipping houses until I have enough enough money to buy a rental property cash and keep enough to continue flipping.