
How to Buy a Foreclosed Home and Make Money
Buying a foreclosed home can be a great way to make money. If you find the right home at the right price, there are plenty of profits available. Before you start, learn the steps to become a profitable real estate investor.
Every real estate transaction is different, but in general, expect the following steps:
- Figure out the market where you’ll buy the home
- Understand the cost of the renovations and determine your potential profit
- Know where to find foreclosed homes
- Determine how you’ll finance it
- Get an inspection