They often cost less to acquire than other types of real estate, yet they can yield similar or even higher profits.

The property is important to us, and the numbers mustshow the deal will produce a fair profit, but as direct lenders (i.e., we lend our own money) we always bet on the borrower first.

It's a simpler entry point and aligns well with serving protected classes like veterans, seniors, and single mothers—key to ensuring stability against HOA or city issues.Begin connecting with non-profits and agencies that help these groups find housing.

Options1) I have some cash buyers who are ready to acquire the property under the as-is condition2) Make basic updates to pass U&O, rent it for two years, and refinance it after to take out my investment and profit. 3) Make an update to get the maximum value from the property (Bought at $126K, as-is value $165K, and updated value $265K)The challenge that I am facing is to make the title clean faster without waiting two years so that I can take my investment out and put it into the next foreclosures.

He ended up partnring with another investor who was willing to front the repair costs, and they shared the profit on the sale.

Even I was close to a  fabulous house but the inspector was so thorough and he mentioned Wood Destroying Organisms and we found so much termite infestation in the attic etc that I decided it was too much work and moved on:)

He was slow on selling it, believing that all the money was mine instead of trying to close the deal quickly so I could do it again. so I ended up spending my profits on the monthly mortgage payments.

At this stage, you want to ensure that the property is cash-flow positive, meaning the rent covers expenses and leaves a profit.4.

@Binita Mehta Creating an LLC to manage your own properties offers liability protection, potential tax benefits (by paying management fees from your property LLC), and professional organization.

It may be fun to organize golf teams and/or pickleball groups.