I'm Buying a Foreclosure for the First Time in 5 Years!

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2024-05-01に共有

I buy a lot of houses to flip and used to buy many houses as rentals as well. I still buy many commercial and multifamily properties but I rarely buy any foreclosures!

That is changing as I won the auction on a house and I am buying a foreclosure for the first time in five years.

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コメント (13)

@investfourmore 14日前

Here is the video of the other foreclosure https://youtu.be/yCmteFficEA?si=fcvRv0dfPlHb16M3 Here is the after video: https://youtu.be/eodm0ncT_R4?si=Wv-QzG3f3IGbsYzI
@bengraham1907 14日前

I noticed a solar panel on the roof. Since most of those systems are leased, how does that work on a foreclosure? Do you have to assume the lease? Do you tell the solar company to come get their stuff? Is there a lien on the property by the solar company? Thanks for your insight!
@samanthab1923 14日前

Looks good. Corner lot & not bad from the outside. Can’t wait 👋
@chloethelab 14日前

Mark @ 2:46 in the video you called the electric meter a water meter by mistake just a FYI!
@travlincub321 14日前

I hope you all gut that kitchen But the dog poo should clean right up!! The fact they had a dumpster to move out and there's still crap is nuts
@Hardworkandrealestateprofits 14日前

The main house you show in this video is very similar to the foreclosure I recently bought and am currently renovating. You are right they always stink 😂
@chadhorton4053 14日前

Ruff Rita Mark work your magic you have the skill to pay the bill
@shelleyzaragoza2195 14日前

Auction houses you never know what can of worms waiting you inisde it after getting the keys to it. Only can see through the windows to get an ideal what is happening in the house.
@zippythechicken 14日前

hope you got it cheap
@jimcahill6330 14日前

Congrats. I've been bidding on a property through an online auction of bank-owned properties. Their reserve is too high so it keeps going back to auction again and again. I wonder if they'll lower the reserve after a certain number of failed auctions.
@jrs4ex 14日前

Mark do you have a preference between buying a bank owned foreclosure and a short sale?
@lindawilson4625 14日前

Was the add on permitted? I'm thinking maybe not :-) I look forward to seeing you transform this one!