Posted by Lee on February 01, 2001 at 19:47:00:
Foreclosures are a lot of work and most people are in denial and hard to find and in some other situation.
However, I have seen the good side too, a 4 plex, worth $80 to $90K sell for $23,000… a residence worth 85K sell for $25,000 an (400?) unit apartment complex sell for $3,000 per unit (needed to be gutted).
It is a business, you gotta treat it like one. Get competent people around you attys., title people, R/E agents bankers (if needed). DON’T depend on one in each category. See post #9233 (in your browser window)for a start.
Email me w/ your phone # if you like we can discuss further.