All Forum Posts by: Jackeline Petrucci

Short sale is by far the best option. The best deals I have found had been short sales. You don't need to negotiate them yourself, there are many good companies that will do it for you for a fee. If they get you the price you want then you pay them otherwise you don't.

Hi Nelson, here are some websites you can find a lot of infomation about an area:

http://www.bestplaces.net/
http://citydata.com/
http://www.neighborhoodscout.com/
http://www.psk12.com/rating/index.php

Hi Bruce, welcome to the forum. I think that it is great you decided to start investing and already know what investing strategy you want to follow. I do recommend investing in some courses and boot-camps in commercial properties and maybe start smaller if this is your very first deal. Remember that unless you are planning to buy it cash, which I don't think is a good idea with the low rates available, you will need to show the lender that you do have experience in order to get the loan,

Hi Tameka, I agree with you and think the forums is a great to network and learn from like minded individuals.
I am a rehabber in MA. I buy singles and flip them and ocasionally sale wholesale properties. I am always looking to buy wholesale deals in my area. Let me know if you need help in anything

Dan, I would do pre-foreclosures because they are the best deal I have found so far. Probates are good to but you don't find as good of a deal as you will with a bank that has to get rid of the property and has not control over it.

Louis, I also think is not possible because HM lenders want you to have skin in the deal. There are some that might lend with no money down if the deal is really good and they have a good relation with the investor.

Why don't you try lease option that way you don't need a lender, credit or put money down but still can build equity in the property.

Joshua, all those stories sound familiar to me. I guess it is always hard to find good contractors. I did try Angie List but didn't have much luck with it but what did work for me was going to commercial buildings and talk with the contractors on site.

Mike, we are renting as we move our money because we believe the biggest bargains in real estate are going to come between the end 2013 and 2015. By then w want to have tons of cash ready to buy long term properties including my our home. Buy I guess it depends in what state you are in.

Jeremiha, you should always ask what exactly are they looking for like where do they buy, what LTV, what type of repairs are the comfortable with?. Also you want to ask them if they are a cash buyer and how fast they can close. You don't need to mention that you are new at this.