Your resources & skills other than money (do you have great credit score, high networth/ do you have some business/management/leadership or entrepreneurial skills, or do you like to work with your hands?)

Sorry if this was already asked, please direct me to the thread is this has already been posted.Before, we have to rely on the skill, mls, knowledge, connections of the real estate agent to find us the property we are looking for.

If you're either willing to obtain necessary knowledge/skills to do it right or accept subpar results from "just doing it" - a lot of things are DIY-able.

All the different strategies come with different levels of risk, skill levels, resource requirements, etc. and they all meet different goals.

I have the skill set along with people close to me to do the work myself but then the main question here is...what are the cons of buying a foreclosed house?

They have  experience, expertise, skills, knowledge and often have personal relationships with lenders and other agents that can give you a competitive edge.

That would include: how much capital you have, how much work you want to put into something, your risk tolerance, your skill set, and ultimately your goals.

I am currently working in a mexican restaurant and frankly, that is not propelling me any further or giving me any beneficial skills for becoming an investor.

He also demonstrated great negotiation skills, and we actually went under contract below asking price on a already good deal.

I am a financial analyst at a top 5 corporate bank so I have strong analysis skills that I could assist other investors with if needed.