Kevin Fitzgerald, former CEO of U.S. Advisor, LLC, has built a respected career in real estate investment. Since working with U.S. Advisor, Kevin Fitzgerald has led Global Capital Advisors, LLC, and has complemented his work with expertise in the acquisition of foreclosed single-family properties.

1. What to Remember When Buying a
Foreclosed Home
Kevin Fitzgerald, U.S. Advisors

2. Introduction
 Kevin Fitzgerald, former CEO of U.S. Advisor, LLC, has
built a respected career in real estate investment. Since
working with U.S. Advisor, Kevin Fitzgerald has led
Global Capital Advisors, LLC, and has complemented his
work with expertise in the acquisition of foreclosed single-
family properties.
Foreclosed homes can make excellent real estate
investments for both individual buyers and companies,
but there are a number of factors to consider before
purchasing one of these houses. Foreclosed homes, also
known as bank-owned or real estate owned (REO)
properties, typically sell for much less than similar homes
in the surrounding area. However, the sale process lasts
longer because potential buyers must go through the
home’s lender or bank to negotiate the purchase.

3. Buying a Foreclosed Home
 The low price of a foreclosed home may seem
attractive to buyers, but it is important to remember
that these properties come with higher risks than
typical houses. Sometimes known as “distressed
properties,” these homes may require repairs
because the previous homeowner failed to maintain
the property. As such, buyers generally acquire these
homes as-is and must pay out of pocket for updates.
At the same time, many foreclosed homes provide
good opportunities for house flipping. With the right
renovations, these houses can turn around quickly
and sell for a much higher price.