We normally do not seek judgement due to the expense that is involved, even after you win you have to continue to renew the judgement every year.We put them in collections and have it hit all three credit bureaus.

Budget Wisely:Make sure your budget accounts for the purchase price, the cost of the renovations, and any additional charges involved in flipping a house.

A lot of it has to do with location and time.If they are local owners looking at 1-2 LTR properties, I'll assist with identifying cash flowing/near cash flowing properties, assist them in the purchase as their buyers agent and assist with tenant procurement, listing, etc. but they can typically handle day to day management from there.Furnished properties, whether that be MTR or STR, are a lot more involved, as I'm sure you're aware of!

Obviously you can maintain a stronger presence and level of involvement investing in properties near you.

It typically involves a person gaining access to remaining equity in a home that is subject to foreclosure.10. https://www.legalmatch.com/law-library/article/equity-stripping-lawsuits.htmlAcquisition: The rescue artist convinces the homeowner to transfer the title to their house to them as a way to avoid foreclosure.

Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.

Are they given a JV-co-GP position for fundraising or will they be involved in the management of the property?

Make sure any renovations comply with local regulations and obtain the necessary permits if plumbing changes are involved.

Jim's bleating about government being involved.

But actively involved in from 2016-Present.