Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

Is this an exclusive list for home that are recently preforclosused, are these houses listed someplace else in the web? Or do we as as member are only allowed to view these lists.

Thanks

NC

Hello folks,

I searched though the forums but couldn't find specific answers to my thoughts/questions.

Ok, say you find a foreclosure. Lets say u get it for a good deal... Now you own this property. How do you make money on it in a market like this??

Here is a list of items that you may want to consider when finding comparables for properties. Keep in mind this information does not work in all areas and does not work the same for every property.

- The properties should have been sold, not for sale, in last 3-8 months.
- The Square footage of the comparables should be similar plus or minus a few hundred square feet.
- The number of bedrooms should be the same the property you are looking at.
- The number of bathrooms should be similar to the property you are looking at. I go a minus 1/2 bath sometimes though.

Hi,

I have a question for those of you who are buying to rent out for C/F. When it comes to paint what type do you find the best for rentals? I want to use the same color in all my properties (warm/nuetral) with white on the crown molding or base boards. What type of finish do you prefer and why?

Thanks!
angie

Hi,

I have a question for those of you who are buying to rent out for C/F. When it comes to paint what type do you find the best for rentals? I want to use the same color in all my properties (warm/nuetral) with white on the crown molding or base boards. What type of finish do you prefer and why?

Thanks!
angie

Many who start have the question of type of property should be looked at.

Let me offer an opinion.

Lunch Pale Joe average Single family residences are the most common properties available which means there are more properties to purchase and often the easiest to sell.

Common houses may be between 1200sqft to 2500sqft. Much smaller or larger may inhibit the sale time and ease of the properties.

You may want to look for average sale prices, known as the median, in the area. You can work with Realtors in your area to find the median price.

Here is what someone else posted on one of my forums. I thought it was good and wanted others to see it.