I should add that I'm looking for deals where I can be all-in at no more than 70% ARV.This way I'm able to refinance my initial capital back out once it's fully rehabbed/rented.Which markets have inventory of distressed/undervalued/under-performing multifamily assets?

Florida is notorious for foreclosure scams and modification scams.I was wondering, however, if any one has had any experience with approaching a distressed homeowner with the following proposal: If they don't want to do a shortsale, and they have little to no equity in the property, I would be willing to take over the deed and the mortgage.

I flip distressed properties in CA and envoked the right of redemption on an HOA Foreclosure in the past.FL Is a judicial foreclosure state so if the previous home owner is able to redeem the property through the courts within the 10 day period, you would be due a refund for whatever you paid to acquire the property.Im my case when I paid then redemption amount, the investor was refunded their capital.

And if you are flipping the property is most likely distressed. 

First I wasn't thinking I would drive around to find distressed properties which I found to be ineffective.

First I wasn't thinking I would drive around to find distressed properties which I found to be ineffective.

Buy distressed property with cash.2.

There are lot of distressed run/down properties out there that you just aren't going to sell on MLS. 

Hi am a real estate agent and I work with investors I’ve seen distressed properties that I’ve hit up the owners and ask if they’re wanting to sell and they would say no not interested in selling and that’s it so I felt shut down right away I feel like hitting them up again a month later as the property still looks really distressed I’ve knocked on the doors nobody answers it’s in terrible condition the seller said last time that people do live there but it just needs gardening I said no problem you have my number if interested in selling. so like I said I want to try to reach out a month later but this time I want to say hey you know I have a cash buyer if you’re interested in selling.

I'm an investor myself and it's definitely a hard time for people who are trying to generate their own leads for deals.My firm actually acquires 20-30 distressed properties a month and works directly with investors to help them find good deals.