This strategy is hard to do in an extreme bull housing market like we are in. I

Hello Everyone,I wanted to know if anyone has any experience wholesaling and flipping properties in States they have not been in. I

A long-time resident at where I'm now living told me when a previous owner (that went bankrupt) started accepting HUD tenants, "that's when the drugs came in" (I wasn't living here then to be able to confirm this assertion, but I have no reason to doubt it).The same reaction happens in business ("street fighting" and "lifeboat ethics").

. :)  is HML  and I am thinking wow .. this is going to some heartache and sure enough some of the folks that posted have done like 10 loans and 7 are in default.. the foreclosure time in NJ and NY two states I personally would never be a lender in is 2 to 3 years.. and by the time you get the asset back its ouch time.. and that has played out for some folks and there is a high profile one in Atlanta that has been going on for years.. suppose to sell at 6.5 million and its listed under 3 now.. although I think they may get their principal back or most of it but its been 2 or 3 years.. and you know how investors get stressed.. and then the other issue I saw coming with crowd funding .. and remember my background is I have owned 2  Hml companies over the years one of them in Oakland CA with 250 clients and about 50 million under management.. these guys went about raising money from 5 to 10k investors and would literally have 20 or 30 investors in one loan..

I have gotten financing on a duplex that was going to owner occupied and had 2 active tenants.you just have to move in, I seem to recall within 30 days, but I haven't ever had anyone ever check in to see if we had moved in.Now for full disclosure, every time we have done an owner occupied loan, we have planned on and eventually moved in, and I would not commit fraud by taking out an owner occupied loan and never move in. 

Assaf Kehati what area in Pa are you looking at investing in? I

I definitely did not want to backtrack on my offer and lower less but after physically inspecting the property and the neighborhood it was located in, I realized that it wasn't ideal for my investment goals.

I originally wrote the post to see if anyone else was ever in the same situation I find my self in. I

Rate is 6% monthly is $1700 all in.  I

It's not right on the exit, but when I saw wal-mart make move in I figured they did the research so I'd move in as well.