All Forum Posts by: Chris Cavner

Yes, I’ve been doing some more reading and now I’m realizing that while you can get a good deal on foreclosures at auction there may be more money to be gained working short sales in pre-foreclosure. I’m currently reading ABA consumer guide to short sales and am learning a lot. Seems like this gives the buyer a chance to help out a seller in distress and make some decent money in the process, a true win win. I’d love to read any other books you all may recommend on the subject or entertain any tips or tricks you all have had while working these types of deals.

Awesome, I'll check them out, thanks!

I'm wanting to learn how to buy foreclosures. What books would you recommend reading to get up to speed on this subject? 

Thanks guys, that's the way I've been leaning, but its always nice to have your gut feeling confirmed by the experience of others.  

So I'm still firming up a strategy, but I think I want to do buy and hold properties.  With my current income, I should be able to acquire 1 property per year for the time being.  I live in Owasso, Ok and grew up the son of a carpenter.  So my plan is to target houses in the $70k-$100k  range that need a little TLC.  I currently work in the oil industry which has some serious ups and downs, so the goal is to replace my dependence on a company paycheck with income from my own business. 

With this general strategy in mind, what would you say is the most important parameter when purchasing a rental property? 

Hey guys, 

I'm just starting out and have been doing a lot of research on strategies and ways to get started.  I've come to a bit of a crossroads, do I start up with a partner or go it alone?  There are obvious advantages to each strategy, but I thought I'd post here and see what peoples experiences have been.  What led you to partnering (or not) and how did you structure the partnership (split cash flow, cap costs, financing costs, etc 50/50 or some other structure?). 

Appreciate the feedback!

Chris