When the housing bubble is expected to pop up in 2023, a lot of distressed property owners will generally face foreclosure proceedings or other personal difficulties. The Parent LLC must learn how to deal with the unique issues of the distressed property marketplace and uncover distressed property opportunities. When distressed property owners are facing difficult situations, this is the right time for the Parent LLC to build rapport and trust with the potential seller. That rapport is needed to pre-qualify the property owners, and tactfully, yet clearly, present the benefits of any offer that is made. There’s a need also to negotiate with lenders and lien holders and ask and answer questions, inspect the property, and examine loan documents as the Parent LLC evaluate opportunities and create win-win offers. Repairing a physically distressed, “run down”
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