It's called the Albany Land Bank and has a catalog of homes that they took possession of mostly because they had become so distressed they were destroying the neighborhoods.

I suppose there is the occasional distressed/desperate seller who's willing to accept 30% below list, but I suppose it's hard to tell from the listing.

I want to keep going the route of my goal of purchasing distressed properties and utilize the BRRRR strategy.

We've been buying distressed mort. debt in our SDIRAs for the past 4 years and have seen an average >30% annualize return on the re-performing loans.

Distressed properties move pretty quickly, so you will need to be in a position to close quickly.  

I identify distressed houses to be rehabbed and flipped, or torn down and replaced with new construction.

I'm planning on finding a distressed multifamily property to house hack, and it looks like that's an area you know a lot about.

This is coming from my time driving for dollars and coming across these as owners of a distressed home I want to mail to.Questions I am asking myself are, do I assume LLC owners are other investors, and, for the bank owned properties, is that something I need to find a way to contact someone within the specific bank?

I do enjoy design and the satisfaction of transforming something slightly distressed into a whole new place but I would also like to do this as passively as possible, especially if I'm doing it mostly from out of state.

Last year I purchased a distressed property and spent the past year fixing it up.