Need a little direction

[Jordan Griggs]

Hello all,

My partner and I are considering a flip to gain a little more capital for our ultimate goal (18+ unit apartment). As of now, we have a triplex under contract that we plan to buy and hold, and it should net us around $525 a month in cash flow. Our only dilemma is we need somewhere to start when it comes to the flip. I am registered on forclusre.com and have been able to find what looks like some potential leads; however, we are at a stand still when it comes to 1. The rules for bidding on each type of foreclosure (i.e. HUD, VA, WSFH PAS, etc.) and 2. How to verify if there are currently any leans on the property. Also, is there any way to get a list of foreclosed homes straight from the courthouse, or do I have to show up to the steps every week?

Thank you so much for your time

Respectfully,

Jordan Griggs.

[Nathan Wandell]

Hudhomestore.com is also a good, accurate free website for keeping track of hud homes available.  Not sure on every form, but for hud there is an owner occupied only bidding period that typically lasts 10 days, then all other bidders are able to bid, and it's a same day decision process, so they assess bids daily after it's opened up to investors.  One thing you'll want to be sure of when you're purchasing these homes is that you're not also purchasing any liens against the property.