I've been buying foreclosed properties for almost 10 years. Here's what you should know before buying one.

I've been buying foreclosed properties for almost 10 years. Here's what you should know before buying one.

Billy Pritchard has been buying foreclosed properties for almost a decade.Courtesy of Billy PritchardReal estate broker Billy Pritchard buys and flips foreclosed homes.Foreclosed homes usually come with a lower price tag, but a higher risk.It can be a great deal for those willing to take a risk and put in the work.Billy Pritchard loves a deal.The Lafayette, Louisiana-based real-estate broker, 46, found his niche buying and flipping foreclosed ho…