And, since Indiana is a judicial foreclosure state, it’s likely going to be with your local Sheriff’s office that you’ll find foreclosed properties for sale. If you want to buy foreclosed homes in Southern Indiana to rehab and sell, however, you’ve got to know where to look. Being able to potentially buy a fixer-upper at a discount and turn it into a profit-making sale is what makes distressed real estate investing attractive. Of course, since they do tend to be out-of-date, smaller, neglected homes, they’re also typically priced to reflect their condition-oftentimes, at significantly less than market value. And, bought at the right price, a newly renovated distressed property has the potential to generate pretty good returns when it’s sold. The reason a lot of new and would-be investors, like Gary, figure foreclosed homes make some of the best deals is twofold. Where to Buy Foreclosed Homes in Southern Indiana Then, I explained why I don’t bother and why he might want to think twice about it, too. So, over a couple of craft beers from Carson’s Brewery, I told my old friend where he could potentially find locally foreclosed homes if he wanted to give that direction a try. But, he also knew that buying foreclosed houses was not my thing. He’d read that buying, renovating, and selling foreclosed homes in Southern Indiana could be a good way to make a great living as an investor. And, when he finally decided to take the leap and head home, too, the first thing he asked was where to find the best leads on distressed property.
Gary didn’t trail too far behind me, though. But, I was the first to jump ship, head back home to Evansville, and start investing in real estate as a career. We each possessed too much of an entrepreneurial spirit. In truth, neither one of us were ever cut out for the corporate world.
After wrapping up our degrees at Purdue, we both dove head-first into corporate jobs that we loved-until we didn’t. Even our careers took us on similar paths for a while. Gary and I have been best buds since we were little tykes.
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