All Forum Posts by: Kevin H

That is very helpful information, thank you. So, are you securing financing on the properties you bid on or are you using cash to close? When the properties hit 80 days are your bids pretty close to the recommended price that is in HUD's chart?

Thanks so much, I'll definetly check all those resources out.

Hello All. I'm currently starting all over again in the real estate world after having to short sale 2 properties during the housing bubble burst. Ive learned my lesson and Im ready to get back in with better knowledge this time around.

My credit is good (I qualify for a loan). And I have some start up money available. About 20k, but it would be nice if I didn't have to use it. haha

I am very interested in acquiring property and lease optioning to tenants. I like the idea of nicer properties that don't need much work and the extra care a potential owner will have for the properties. Sandwich lease opts are very attractive too.

Does anyone have any suggestions for me to give me a little bit of a jumpstart? Would it be in my best interest to focus on getting a buyers list started before I even look at properties? Where could I find some solid contracts to protect me legally?

Any help would be much appreciated

Thanks Ronnie, Im very interested in getting started with this type of investing. I have a couple other newbie questions if you would be so kind? First off, when you submit your contract, are you putting your "name/and or assigns" so you are able to assign the contract easily? How did you establish your buyers list? Are you using a right to show clause and making the contract contingent on finding an end buyer? Once again sorry for bombarding you with the questions I'm just really excited to start.

Thank you Ronnie for that website. I poked around there for a few hours and noticed what those properties tend to sell for. I have one question though. What happens to the properties that go over the 120 day mark and are no longer available to bid on?