Snag Homes at 50% Off: A Guide to Buying Distressed Properties

Homes Selling 50% Off!  How To Buy Distressed Homes

Investing in distressed properties might sound easy, but it’s far from it. According to real estate expert Logan Fulmer, it requires more than just cash—you need expertise, legal guidance, and a clear strategy.

Why You Need Professional Help

Logan emphasizes the importance of having a lawyer or an experienced realtor on your side. Mistakes in this game are costly. Learning from someone who’s done it before is crucial to avoid errors that can wipe out your investment.

Finding Distressed Properties

Distress happens both financially and physically. Fulmer identifies distressed properties through public records like mortgage and tax foreclosures, liens, and judgments. His team scours these records to uncover potential deals.

The Key to a Good Deal: 50 Cents on the Dollar

Logan follows a simple rule: aim to buy properties for 50% of their market value. But it’s not just about profit—it’s about managing risk. Distressed properties often come with hidden problems like squatters, fire damage, or structural issues, so building in a margin for surprises is essential.

Auctions and Complex Deals

Logan shares how tax-delinquent properties can sometimes be bought by paying off back taxes, but warns that struck-off properties, which didn’t sell at auction, are usually not worth pursuing. Navigating these deals requires thorough vetting and understanding of potential additional costs like unpaid liens or judgments.

Referrals and Networking

Referrals through local wholesalers or flippers are another way to find deals, but Logan sticks to his metric: if it’s not 50 cents on the dollar, it’s not worth the risk.

Investing in distressed properties takes experience, patience, and careful planning. Logan advises new investors to take the time to learn the ropes, work with professionals, and always account for the hidden risks in every deal.

Follow Logan on Instagram for more insights and advice on distressed property investments.