When the higher offer came in, I submitted, and they accepted and stopped the sale......The buyer did not close because if the usual delay from the bank side.

Hey-- I did a search on this and got some info on property tax liens and irs liens generally, but what I'm interested in is if anyone has targeted these homeowners specifically to try to buy their houses.Should be pretty motivated, but obviously you'll have to deal with the IRS or Property Tax Lien-- either try to negotiate down if it's an IRS or will prob just have to pay it off if property tax.

It could be that something they invested in is under investigation or maybe the hedge fund itself violated some SEC rules when it comes to soliciting investors.

I admire your attitude of jumping right in! I

The house is probably worth about 40k3) I have about $35,000 in the bank.I am now looking to finance a house for somewhere between $50,000-100,000 all in. I

I try to bring the property up to speed immediately after purchase and before the tenant moves in. I

I'll lay it all out there in the hope that some folks might have some useful insights or advice.I've been an "amateur" investor for most of my adult life, typically only having one or two rentals, with one unit being part of a duplex that I resided in. I

My quad's come out to 64,000 a door for 850 to 950 a month in rent on my apartments.I don't look at it only from a cash flow perspective however.The area I have the buildings in is an A location prime for redevelopment down the road.Mike it sounds like your local market is competitive with investors and your margins are thin.On one hand it is good to be in a thriving market where demand is strong because usually supply is lower and the amount of rentals and new development for multifamily cannot meet demand.This helps rents grow at a rate that outpaces utility increases and inflation.The downside is it can make some investors overspend on a property because they feel good about the market.I looked for over 2 years before I bought something.I said many times those buyers were nuts.I tracked the properties and many investment properties after purchase just 1 to 2 years later went into foreclosure.They bought at such a price that it wasn't sustainable.I look for a 10 CAP or better on my purchases.The problem is if you someone who has only gotten 1 percent interest off of a CD or Treasuries or they have gotten beat up in the stock market.Those types of buyers jump up and down to get a 7% annual CAP return beating out your offers everyday of the week.By in large many buyers like this can be lazy.They only look in the MLS for listed properties.Value can be found marketing to sellers that are not on the market.They don't want to make public all of their problems ( I know it is common knowledge of default at some point but this is their mindset ).

Let's walk you through this and let others chime in. I

She requested that I can give her 2 weeks notice if i find a new tenant and wait until she is back from Asia for the new tenants to move in. I