This was posted by a respected member on the reddit real estate investing sub:https://www.reddit.com/r/realestateinvesting/comme...https://www.mauldineconomics.com/frontlinethoughts...One of the comments describes the "Minsky Moment", basically a collapse in asset value due to excessive loans being taken out, similar to the 2008 GFC."

(recently discovered late by a befuddled brrrr-r)As long as you are aware of the full acronym BRRSRROP which will include the $4k closing costs and the 6-12 months seasoning, but is still light on the P&S, pain and suffering, that a refi is. 

@Raul R. 

It's a new, 3 bedroom,  single family home by D R Horton.

i'm looking for the forum's advice on the most efficient/effective way of weeding out properties. i'll be living in the property for at least a year. while i live there, i'll be living in it (so property can't be a complete rehab), fixing or improving the property, and then either flipping or renting out the property. i've looked at about 18 properties the past 3 weekends (i just started 3 weeks ago). the 18 properties were chosen based on 2 broad criteria: 1) based on pictures, description, and google street view, choose properties close to the metra (in illinois), in a location with a great high school (>=8 score), and in nice(r) neighborhood.2) look at zillow for an idea on property values in the neighborhood so that i'm not buying one of the most expensive houses in the neighborhood. if i feel the house i'm looking at is somewhat undervalued because it needs work and there's some room for me to flip, then house passes.this criteria has helped me weed out 100's of properties, but takes me a bit of time.i'm curious, is this a good start or are there other ways that the full time/professional investors use?

Jacob R Gregory

I'm looking to either get back int R/E but am consider the LO road....

Originally posted by @Stephen R.

Jacob R Gregory

You can buy tax liens however that doesn't mean you own the property... once there are multiple consecutive years of taxes not being paid then the property will goto tax-deed auction in which anyone can place a bid.