How to buy Distressed Properties
If you are wondering how to buy distressed properties then you can actually talk to lenders. Most large bank branches own many different houses that they can let you take a look at. The best thing to do is get qualified first for a home loan. Don’t tell the lender you want to know how to buy distressed properties. Get qualified first and see how much money you have to negotiate with. Find the home that you are interested in that is foreclosed. Then negotiate with the lender by giving them an offer far below the listed price. Chances are good you will not have to use the entire loan amount that the lender offered you in the first place, which will mean a lower monthly payment for you.