Real Estate 101: Distressed Properties

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Distressed properties are a type of real estate that is being offered for sale because of an impending foreclosure or repossession. There are many different kinds of distressed properties, generally depending on what stage of the foreclosure process the property is under. There are distressed properties for sale:

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Perhaps you’re new to real estate investing or are a professional interested in trying their hand at a new strategy, but regardless, chances are you’ve been wondering how to find distressed properties for sale. distressed properties are attractive to investors because they often offer deals that are undervalued, helping to increase the prospective profit margin.

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A foreclosure is a home that has been repossessed by the lender for lack of payment. Foreclosed properties are either sold at auction or put on the open market as REO (real estate owned) listings. If you’re on the market for a home, and you’d like to get a deal, a distressed home is an option to look into.

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Here are the 7 steps of how to wholesale real estate: 1. Find a Distressed Property to Wholesale. Distressed properties are typically best for wholesaling because they can be purchased under market value. Distressed properties are those in disrepair or those with owners who are motivated to sell quickly.

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