All Forum Posts by: Jennifer Cochrane

So, I am a newbie investor, and have been studying intensely since I decided to start investing with my boyfriend a few months ago. I understand the concepts of wholesaling, lease-options, owner financing, etc, and believe I will focus primarily on the owner-financing options (leading to lease-options).

I live in an area where a good percentage of homes are upside down a significant amount when they are in the pre-foreclosure stages. Aside from going through the short sale process (which I am not prepared to do at this time, as I do not wish to invest much or any of my own cash), is there a way to assist the upside down homeowner that can be mutually beneficial?

I have heard some people start off their investing careers by going door to door looking for deals for wholesaling and lease-options... has anyone tried this with any success?

Do you just pick a neighborhood and knock on every door, or do you stake out the neighborhood ahead of time, so you have more educated guesses about who has equity, or who may be in trouble, or who is so far upside down that there really isn't anything you can do for them (I am from NV, where lots of houses are valued at $100k+ under what they were purchased for around 2005-2006)?

Thanks!