What are the pro's & cons of buying foreclosures???

Foreclosures, Short Sales, Tax Foreclosures
1

There’s a large list of homes available on different foreclosure websites, ranging from 5k-1m what’s the disadvantage of me purchasing a house for 10k if its comp reports show 60k, and it needs minimal work?
Or even the disadvantages of buying a home from the foreclosure websites all together???

2

Bump. I’m interested to see feedback as well, Thank You in advance.

3

If you are going to move in and live there… nothing. But if you want money then you are relying on the Greater Fool Theory, which is, in my opinion, the theory behind all speculative real estate transactions.

4

Thanks for clearing that up ??? …