Stay away, I made the mistake of buying one house through them in Palm Bay which has had continual problems.

Hi BiggerPockets community,Our group in Bushwick, Brookyln is looking to buy a multifamily property and set it up as a co-op.

And yes, you can buy existing stuff at a discount from new construction for sure. 

Depends on the lender.If it has yet to go to foreclosure and you are trying to buy it prior or at sale - the answer is a hard no. 

Quote from @Dustin Tucker: I'm going to go out on a limb, and say the dumb money keeps buying treasuries like they are going out of style, which continues to push the rate lower. 

It would be smart to do a full lease audit, estoppels issued, and tenant interviews.And if you are buying cash, there is nothing mandatory, since it is your money at risk. but again, physical condition inspections, understanding of tenants (they are a great source of information about issues with the property that the landlord may not know or may not disclose), surveys to understand accurate property lines, etc.

I have been investing in Indy since 2017 and your strategy would be the determining factor on location and the type of house you'll buy!

If the lender is licensed in the state you're buying in, then they can do the loan.

When you say multi-family, are you thinking of buying a 2-4 unit?

If you're looking for long term buy & hold, there's money to be made. - Renting in this area is solid, I've gotten what they call B class tenants and more or less they've been great.