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How can I flip or buy foreclosure realestate in Utah?

Sent to General Experts July 22 2006 at 8:17 PM
   

I want to buy foreclosure property and flip it to make a profit. I see trustee sales in the newspaper, is that a way to get started or is there a better avenue to get into that kind of investment?

Customer (name blocked for privacy)
Status:  Closed   Value: $2
Answer
July 23 2006 at 12:33 PM (16 hours and 16 minutes and 13 seconds later)
         
ACCEPTEDCheck Mark
As a matter of fact yes. I happen to live on a lake, and was thinking about your question when I ran across some other folks who live on the lake. One of them happened to be an appraiser. I asked him your question, and he said that nationwide the two best ways to do this are to do one or both of the following:

1) Sign up for a membership at www.foreclosures.com

and

2) Start calling real estate agents in your area and find out who specializes in foreclosures, and work with that person.

The money you spend will be far less than the grief you have to go through to find them without these sources. He said that these are far and away the most reliable ways to get listings.

A condo on our lake went for 86,000.00 recently. That's obscenely cheap. Had I done what I now know (having researched for you), I'd be the proud owner of two condos instead of one.

This may not be the answer you wanted, but it is the best experience from an expert that reports to an expert. If you agree, then please accept the answer below.

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Gary Rimar -- Mensa Member -- 100% Positive Feedback on 24 General Accepts
Owner of Dynamic Solutions, established 1987, a company dedicated to solving problems.
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