But even with your and my experience (licensed first in 1983), this guy knows more and has a tremendous amount of confidence in his abilities.I sure would love to hear back in a couple years.....

I'm planning to reach out to see if people are interested in investing equity in a condo to get it at a discount, maybe at construction cost. 

While some less experienced Realtors may shy away from courthouse sales due to the complexities involved, I recognized the tremendous potential this presented and dove in headfirst.How did you find this deal and how did you negotiate it?

Even if you have to sell it at a discounted price because of the condition you will still get something.

Forced Apperception (BRRRR or buying at a discount) allows me to build in equity from the beginning of the investment in case I need to fire sale the property for an unforeseeable reason.Debt-Paydown and Tax-Benefits are just a result of owning real estate and can be more-or-less predicted over a time period.

Kwikset Halo [was on discount in my local Costco]- Does a decent job and have so far not had issues. 2.

Then you've opened Pandoras Box and you instantly have the guys in the HazMat suits with fans and plastic sheets all over.....and a bill for $5000 for something you could have done for $50.I used to do this kind of work on the weekends when the city inspectors weren't driving around :-) haha , one time the hazmat guy come down to check for asbestos checking ; it wasn't that bad it's actually 2k and insurance company for that in my case.( To be honest, the house with water damage is good to buy because it scares the potential buyer, but if it's located in good location we could sometimes purchase the house with 10-30% discount lol but nowadays even FTHB knows this secret too so they still overbid the house )but yeah, to the OP, if you want to be sure you have to cut the drywall, the more the better.

The residential brokerage industry is in transition right now; after numerous attempts the last 15 years by well financed - venture capital backed companies that attempted to "disrupt' the industry (ibuyers, Zillow, buyer's only agents, public access to MLS, flat fee MLS, discount brokers), we are still at basically the same place we were in 1975, i.e., 6% commission paid by seller.So, the next step is compliance with the settlement agreed; no offer on MLS of seller agent sharing points with buyer's agent.  

Typically, I am able to purchase those properties at a discounted price and walk in with built in equity.

Hi, I'm Didi, an out-of-state investor looking to expand my international portfolio in Louisville.I think Louisville is a great city and has tremendous potential.