Also, if you do have a good preforeclosure lead, the last thing they want to admit is that they are in danger of being foreclosed on because it's usually new and it's embarrassing.

This deal was on the MLS and we were able to negotiate a lower price initially due to the dangerous electrical conditions.

This deal was on the MLS and we were able to negotiate a lower price initially due to the dangerous electrical conditions.

The danger in this is if the market crashed for a bit and you no longer had the equity to pull or sell for a time.

Also, some of these programs require tenants to be in danger of eviction so you may have to file just to get her help.  

@Justin WallerI think majority truly is just the days, however, I would be careful about things being "form over substance."

Spend some time - find some mentors - buy a few coffees and get really comfortable that you know all of the hidden dangers to the investment you want to make and then, pull the trigger.  

Do not invest in any location where the population is stagnant or declining.Crime - People and companies will not move to locations perceived as dangerous.

The idea that you are going to pull off a BRRR without owning a construction company or being a GC while using barley any of your own funds is more dangerous than lucrative.

Hi @Lance Bradley, leverage is a tool indeed, and like all tools they can powerful when used correctly and dangerous when used incorrectly.You can certainly do "more" with leverage than without it, and cash is "cheap" right now, but I'd caution you against running headlong into a situation that many run into on this line of logic.