Is it possible

Is it possible to purchase foreclosures or any property of that matter with very little or no money done metheds. if so please let me no I want to buy my first investment ASAP thank you

Comments(2)

  • joel13th May, 2002

    No matter what other people say, most of the deals that I have done had to have money up front for something. Don't let this discourage you though. Some of that up front money can be borrowed from a friend or relative, etc.

  • 20th May, 2002

    In general, foreclosures are not good first investments unless you are buying an REO at a good price for cash. The laws are technical and every mistake will cost money.

    I'd suggest using CRE investing methods to build a pile of cash, and then go for the foreclosures. Try acquiring the houses in the pre-foreclosure stage so you can use your no-money-down techniques.

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