Buying Foreclosures | Trisha Ocona Francis | Talks at Google | Summary and Q&A

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August 22, 2016
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Talks at Google
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Buying Foreclosures | Trisha Ocona Francis | Talks at Google

TL;DR

Learn how to take advantage of the foreclosure market, purchase properties at great prices, and avoid foreclosure yourself with expert insights from Trisha Ocona Francis.

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Questions & Answers

Q: What is the hardest consequence for a homeowner in foreclosure?

The hardest consequence for a homeowner in foreclosure is a deficiency judgment, where they still owe money to the bank even after selling the property for less than what is owed.

Q: How can investors increase the value of a foreclosed home?

Investors can increase the value of a foreclosed home by adding amenities like laundromats or storage units, renting out commercial spaces, or improving the property to attract higher-paying tenants.

Q: What are the best types of properties for cash flow and selling later?

Two-family homes and commercial properties are ideal for cash flow, while one-family homes are suitable for flipping. It is important to buy properties in up-and-coming neighborhoods with potential for growth.

Q: How can investors compete in a competitive real estate market?

Cash buyers have the advantage in competitive markets, as they offer speed and certainty to the sellers. Building a strong team and working with an experienced real estate professional can also give investors an edge.

Summary & Key Takeaways

  • Trisha Ocona Francis, CEO of realestateOCONA LLC, shares her expertise on foreclosures and real estate investment.

  • She discusses the process of foreclosure, including pre-foreclosure, auctions, REOs, and HUD homes.

  • Trisha provides valuable advice on how to establish an agency relationship, negotiate deals, and navigate the foreclosure market.

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