Posted by Natalie-VA on June 27, 2007 at 09:18:48:
We rehab and retail most of our foreclosure purchases. We don’t refinance them, because that costs money. We might consider that if we were keeping the property as a rental.
By the way, the exit strategy really doesn’t differ from a foreclosure purchase to any other purchase. You want to buy right and sell better.
I was wondering if some of you experienced investors in the forclosure auctions, could give me an insight on what type of stuff you guys do after you guys win a foreclosure at an auction to make money? Do you guys rehab, refiance, flip? A friend of mine mentioned that refinancing the properties were an option, is that true?