All Forum Posts by: Nino T. Barone

OK so this morning I was passing by a house that was listed for sale. Out of curiosity I called the owner and asked how much and why they were selling. She says she's asking 280k and she's selling cause she is 71 and she can't take care of the property any more. Of course in my head I'm thinking "OK, this may be an opportunity for me to dig further into wholesaling". My stopping point of course is that I don't know what questions to prod with to get more information to see if this is an opportunity. I'm very new, am trying to get involved in a local REI in central FL but every time I try to go my J O B schedule interferes. Where could I start, what questions should I be asking to identify opportunities, and how can I maybe find a mentor without joining an REI?

Very possibly, but even if it were for a longer period, it will still grow equity. I just think despite what I do with the property, it's an incredible opportunity to acquire it without worrying about down payment and closing costs.

Thank you so much for the immediate response. I didn't expect it! I really appreciate the info! 

One more thing, should I be concerned if I decide to live in the investment property as opposed to using it for investment purposes? To me it doesn't make a difference but, would it to the lender?

I'm new to investing and have been doing a little research on "subject to" deals. I honestly would like to acquire a subject to Property for my family to live in first before I get into any other deals. I don't see how this would not work but I don't know if there would be any issues with this. I would simply just be taking over mortgage payments right? I live in Florida, and am trying to move my family out of our current home to a place closer to where our day to day activities (work/school, etc) reside. Any advice, and how can I identify these opportunities?

Thanks

Nino