So could someone give me a few experiences they had w/ REO's? I'm one of the new guys and I'm really trying to get into the game. I just joined this foreclosure website (forgot the name) and can't believe all of the reo's in my neighborhood!! And the prices?? $1000, $5000, $15000??? Are those actually the correct prices? There has to be a catch. I'm talking about NY....Queens, Long Island, those prices are unheard of. If possible, could someone help me out on this subject. There is so much to learn.
So could someone give me a few experiences they had w/ REO's? I'm one of the new guys and I'm really trying to get into the game. I just joined this foreclosure website (forgot the name) and can't believe all of the reo's in my neighborhood!! And the prices?? $1000, $5000, $15000??? Are those actually the correct prices? There has to be a catch. I'm talking about NY....Queens, Long Island, those prices are unheard of. If possible, could someone help me out on this subject. There is so much to learn.
You can either look for opportunities or make them.
http://www.deangraziosi.com/real-estate-forums/investing-journals/75933/...
http://www.maxwellpropertysolutions.com/