This is a video that I shot with my friend, Randy Watson, who is one of the leading Realtors by sale in Georgia. Since Randy has sold over 120 foreclosed homes for banks so far this year, and I have financed many foreclosures for investors and for owner occupants, I thought you might enjoy this brief sit with Randy and I to highlight a few of the pitfalls to avoid and advantages to enjoy when buying a foreclosure.
By the way, one clarification in this video that has been asked. Real Estate Investors should plan to put 15-20% down on an investment property today. If you are looking at buying a home for your primary residence, then financing is very attractive with 0%, or 3%, or 5% down payment.
To your success, should you decide to wade into the land of buying a foreclosure!
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