Ask the Advisor – How can I know if a foreclosed property is a good investment?

Description

Abstract: Although the sheer number of foreclosures has tempted many people to become foreclosure investors, it’s not as easy to make a buck in this market as it may seem. Investors should be prepared to dole out plenty of cash to improve property and remove liens; to know where to look for deals; to scrutinize tenant data to determine a commercial property’s revenue-generating potential; and to perform due diligence for both the specific property and the area.