All Forum Posts by: Robert M.

Super helpful; thank you!

Sorry for the ignorant question, but I've never before bought at a foreclosure auction.  If a property is listed at auction and the seller has indicated intent to provide title insurance, is there still any need to run a title search?  Perhaps it's a very dumb questions, but I want to cover all bases by getting educated before I consider it.

@Aldrich De Jongh: the auctions usually have a reserve that isn’t disclosed. There are some good deals, but not with as big of a margin as it appears initially.

I agree with Andrew's assessment of your explanation.  Clearest I've seen.  Recognizing that this is an old thread, I have the same follow-up question as he does if someone can answer it!

Excellent and incredibly insightful and valuable advice.  Thank you all so much!

I'm interested in hearing from anyone who has experience with investing in section 8 properties that are located in low-crime areas.  I've read enough to know that I want to stay away from the $50K properties in urban areas, but I wonder about those that are located in the outlying areas of cities in the Southeast - where "country" folks often live.  For example, I'm considering a couple of properties in some of the rural parts of Rossville, GA and Fort. Oglethorpe, GA.  The former area isn't one where I'd want to live, the latter I'd consider for my own family, and both are within 15-20 minutes of Chattanooga, TN.  It seems that it could be possible to attract a higher quality tenant than in downtown Atlanta, downtown Chattanooga, etc. and, therefore, might be worthwhile to consider section 8 in areas like these.  However, I have zero experience with section 8, and am new to rental investing (though I've flipped in higher-market areas), and I want to tread carefully.  Thoughts or advice?

Thanks for the reply.  Thanks for the reply.  I’m in DC, actually, but most of my family is in metro Atlanta or northeast Georgia.  The high cost and lack of multis in my region forces me into other areas.

Good afternoon! I am interested in picking up some quads that can be used for BRRRR. Suggestions on what tools to use to search for them? I've tried Loopnet, the MLS, and various wholesalers, but finding a good candidate (in somewhat bad shape, but a good area) is like looking for a unicorn. I'm in a unique situation. Because I'm in education, I can go somewhere else to do the work. I'd prefer to stay within two hours of home or places with close friends or family: Atlanta, Chattanooga, Omaha, or Washington, D.C. Thanks in advance!