Hope to hear more on here from others and their thoughts and experience with Big Bear, especially from fellow hosts like me. 

I picked a random date of 3/22/2010, and on that day, there were 21 courthouse foreclosures filed.I would expect the number of Short Sale (TAM) opportunities, today, to be practically zero.

Hey @Pauline SabadoWelcome to BP, I'm thrilled to connect with fellow investors who are passionate about unlocking opportunities in the real estate market, you are definitely in the right place.

I too was contacted by a fellow from Holiday, Florida about investing in Johnstown.

Get a date of death appraisal.

It insures against defects in title up to the date the policy is issued.

I also found a dozen mechanic's liens dating back to 2022 (meaning they didn't pay contractors that did work on the property).I'd like to say I'm shocked that you had no idea this was coming, but I'm really not shocked. 

Let's say you put 15% down on an investment property (2nd SFH, New Construction) and with property taxes, homeowner's insurance, and PMI the monthly mortgage is $4,300However, in the market (location), most of the rents are around $3,500-$3,700With an interest rate of 7.6%Would you still buy the property knowing that you'll lose $800-$600 per month, but hoping to refinance at a future date (4-5%) to have cash flow, and also with appreciation since it's a good location and it's a new construction?

And lastly, it is one of the few remaining markets that you can get a 'steal' for a property.....all I recommend is that you rely on your 'boots on the ground' to point you in the right area codes.  5/30/24 Update:  I have been patiently waiting until our court date to reply to this post. 

Do I need to put in the date they gave it, or not?