With lack of inventory it’s those who get their first have best chance of winning - so trying to get out ahead is something to consider

Investment Info:

Single-family residence wholesale investment.

Purchase price: $30,000

Sale price: $63,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Bob Tayl...

The small claims court amount as I understand is 10k max, if I do proceed with CSLB will it negate the claim if I win the case.

Just look at two years ago when landlords got multiple applications in hours and tenants were willing to pay 20-40% higher rents to “win” the lease.

I would put every MDC Clerk of Court sales record (date, case number, address/PID, opening bid, winning bid, AV, etc.) into a spreadsheet, along with the names of the 3rd party bidders.

It seems like a win/ win so it's just a matter of trying to make the "best choice". 

@Jarrett Harris, in NJ, a disability check cannot be garnished even if you win the judgment.

Most fail multiple times before they start winning.

If some sucker comes along and takes those fake numbers at face value, they will pay a higher price than they should (certainly they will pay more than you), and that idiot will "win" the property.

The inefficiencies in this market should be a huge opportunity for folks who take the time to find and vet operators and projects, and come to the table with clear theses, looking for operators and projects that match those theses, rather than reacting with FOMO to promises from the most famous influencers in the industry.I think it is mission-critical that BiggerPockets and this community shines a light on the industry and exposes the good and bad operators, and steers LP capital away from "lopsided bets" and towards humble, honest, hungry, capital raisers offering solid projects in areas they have clear competency in.