need advice new to investing owned two properties for about 10 years about to sell one will make over 100k looking to invest in forclosures need help to understand the process also need a good mortgage co that work with investors
First don’t sell… never sell what is working for you until you figure out what you want to do. Instead get a line of credit based on your investment properties so you can go out and do cash deals when they come to your way.
These two properties will give you power of purchase since you have a lot of equity. Also the mortgage you take out will be tax free as it will be counted against the income (ask accountant here as I am NOT one).
Study foreclosure market in your area and join the REI Club in Philly.
Good luck. Keep us posted on how it goes.