Before Buying a Foreclosure...
Questions that buyers must ask themselves (and answer) are:
1.What are your short-term real estate investing goals (i.e., how many foreclosure homes the first year)?
2.What are your revenue generation goals for buying foreclosure properties? Breaking even is not a goal that is called a mistake and should not be repeated.
3.Am I willing to be a landlord? If no, collect stamps or buy lotto tickets.
4.What is my credit like? If you need to improve your credit, start now!
5.How much cash am I working with? If none, study Hard money
6.What are long-term real estate investing goals? Don't fire without aiming.