@Kelly LeI believe to bid at a foreclosure auction you will have to put down a deposit first or at the very least show proof of funds.

Anh Le I was in seattle but there is little cashflow there since it’s a primary market.

@Michael Le: I am considering a small to medium size apartment complex in the 500-1m range. let me know if you have something you can forward my way to seriously consider.Thank you for all your responses so far.

@Nghi Le is right to consider transfer taxes (I am just talking about income tax in my post).Just make sure there isn't a "Due on Sale" clause in the contract before you do the transfer.There may be some solid tax strategies and significant savings around entity structures available if you plan to make this something you repeat.

@Nghi Le I tried the 2 position option with the seller but no dice.

Thanks @Nghi LeI will look int Needham Savings, @Josue Velney.

Hi Nighi Le , I am looking to purchase the property The  $16,000  would be all of my Upfront Costs  (  Liens, Back Taxes, Lawyer fees and cash payment to the Owner/Heir of the Property  )I will need around  $35,000  to repair and renovate the Property My proplem is ...........

@Anh Le I live around Houston you should call me up real quick I can give you a good opinion on the area.

@Todd Dexheimer@Michael LeI own (1) of the 23 4plexs, and the management company and HOA has been a nightmare.

@Hugh Le I saw this last year and thought it was priced high, now it doesn't seem too bad with the current Seller's market.What do your Comps say?