Why do some people not recommend newbies start out with foreclosures?
Thanks
I think because we need to figure out how to get the money to pay for things as well as good exit strategies. Im a florida newbie and getting ready to go door knocking soon.
steve
I’m sorry I didn’t say that I am going to be wholesaling/flipping properties I find, not purchasing them for myself.
I want to market towards pre-foreclosures since they seem to have a higher need to sell fast, but some people say that is not a good way for newbies to start out. Maybe its if they are rehabbing them or whatever they plan on doing?
What else would I need money for other than maybe an earnest money deposit if I am getting an option to purchase with them?
Thanks