Remodeling Foreclosure
Do real estate investors walk up to dilapidated homes and ask the owners to buy?
I know most successful REI’s buy the homes before they go on the market, sometimes at auctions or foreclosure sales, but this isn’t always the case….
There is a house I would love to remodel to sustain it’s architectural integrity, but the live in owner’s are letting it go to hell.
How do I convince them to let me buy???
I haven’t asked yet, but I’m wondering if this is done…
There is a saying: “What is the secret to getting anything you want? ASK”.
There’s nothing wrong with doing that. Ask them, the worst that can happen is they say “no”. If they’re letting it go, there could be financial issues, thus, a probability they may say yes. Like the previous poster stated, leave your card with them and let them know if they want to sell, you’d love the chance to purchase it. If they are an elderly couple, the chances could be good they’ll give you a call down the line. With the housing market going down the toilet, they may turn to you before attempting to list it.
The bottom line is it doesn’t hurt to ask.
5 Big Expenses When Buying a Foreclosure Property
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