I see that you recommend NOT having my mom deed the house over to me in order to borrow against it.

Quote from @Daniel Tanasa: Hello Terry, If you're looking to find houses that are in pre-foreclousure you can use a website like www.foreclosure.com and you can get the list of properties and start marketing to them. 

A couple that come to mind in addition to the ones @Drew Sygit mentioned:Dirty House Buyers (Ann Arbor/Ypsi area - look for their FB group - 1st Tuesday of the month)Ann Arbor (AAREIC) has a meeting every other Thursday morning at Union RecThanks,Marcia

My plan is to sell my primary home in New York and purchase a house to live in South Carolina.

You could have bought a house, or several, that would have doubled in value.

To answer your questions:-We’ve seen success with a wide variety of strategies; we have clients with buy-and-holds, house hacks, BRRRRs, and flips.

I have some in-house laborers for any large projects but sometimes value add can even be raising rents to market or finding an off market gem. 

My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.

🚀 24-Hour Case Study: Free Co-Living Marketing Strategy That Generated 695 Contacts & 15 House Tour RequestsHey BP Community,Wanted to share a co-living marketing strategy we tested that brought in some seriously impressive results in just 24 hours—completely free.📊 The 24-Hour Results:✅ 695 New Contacts✅ 100% Email Open Rate✅ 15 House Tour Requests✅ 2 Applications Submitted🔥 The Strategy: Livingsmith Partnership Database ApproachOn Friday, January 24, 2025, we launched a simple but highly effective outreach approach to attract potential tenants and partners.

This can cover unexpected vacancies or repairs.