I think to clarify, in North Carolina, when buying tax sale properties, the previous owner has a one year period during which they can challenge the foreclosure process by arguing they weren’t properly notified during the foreclosure process.

Hello everyone, I am a fairly newly licensed MA Realtor and am about to purchase my first multi-family property in Western Massachusetts.I’ve done some flips in the past that I’ve lived in and resold years later, but this will be my first multi family property to rent out, and I’ll be buying it cash.Without it being financed, I have some additional concerns over keeping things anonymous and ensuring that an LLC is set up properly for protection.A local real estate attorney has quoted me $1,000 to establish an LLC, in addition to the MA filing fee.

Casey, It is legal nationwide to wholesale however make sure to get all purchase agreements/assignment contracts reviewed by a local attorney to ensure you have the proper verbiage & contingencies.

Unless this is a situation where you are turning the property around significantly, I'd only use the owner's current numbers to structure your offer.Some experienced buyers are paying higher prices because they know they'll be able to come in and execute their plan properly. 

If you have any tips resources or even deals on getting started please keep me in mind.  

However providing that you approach it right.. using proper strategies such as described by Jeff... then you will be able to gather that money... 

I also heard there are some free resources for getting proof of funds sounds too good to be true.

You mentioned you're in a suburb, but in the city proper once a multifamily has lost its rights (usually due to vacancy) it is nigh impossible to get them back. 

@Elvis Vasquez As long as you have the proper architectural drawings and plans and submit the permit application properly there shouldn't be too much of an issue.

Hey all,

I’ve been analyzing and learning for about a year. I have my funding and preapproval letter. I’m ready to buy a small multi-unit or single family home but I need a investor friendly realtor and lender. Does...