Buying A FORECLOSURE in New York and Mastering Foreclosure Purchases: Repair Cost Estimates & Financing Tips
In this video, we explore the essential steps to buying and renovating a foreclosure property in New York. We emphasize the importance of accurate repair cost estimations and provide a detailed guide on creating repair checklists, obtaining multiple quotes, and financing options. Key financing solutions covered include FHA 203k loans, Fannie Mae’s HomePath program, personal loans, and HELOCs. This comprehensive guide is designed to help both seasoned investors and first-time home buyers make informed decisions and turn distressed properties into profitable investments or dream homes.
00:00 Introduction to Buying Foreclosures
00:54 Estimating Repairs and Creating a Game Plan
01:08 Hiring a Home Inspector
02:11 Creating a Repair Checklist
03:27 Getting Multiple Quotes
05:25 Financing Your Foreclosure Purchase
05:52 FHA 203k Loans Explained
07:51 Fannie Mae’s HomePath Program
09:22 Personal Loans and HELOCs
10:38 Choosing the Right Financing Option
11:31 Conclusion and Final Tips
📺 Watch Next: https://youtu.be/Pe4vM2HTEc4
Don’t List Your Home! Get a guaranteed CASH OFFER and selling OPTIONS compared to listing on the market. Visit: GETAHOMECASHOFFER.com
Unlock the EQUITY in Your HOME with a No-Obligation CASH OFFER!
Find out if you have equity in your home at no cost. Receive a fair CASH OFFER without any commitment to accept. Visit: StatenIslandForeclosures.info
Esphir Popilevsky
NY & NJ Licensed Real Estate Broker
Supreme Home Sales, Inc.
44 Robin Ct.
Staten island, NY 10309
917.579.4455
supremehomesales@gmail.com
https://www.supremehomesales.com
🔔 Subscribe for more real estate insights: https://www.youtube.com/c/EsphirPopilevsky
