Quote from @Matt Wan: Can I purchase a property using a traditional mortgage without being physically present for any part of the process?

Hello Solomon,A few tips I have for you would be to first; Analyze Deals Properly – Use the 1% rule (monthly rent ≥ 1% of purchase price) and calculate cap rate, cash flow, and ROI before buying. 

Purchase Price & Seller Financing TermsYour neighbor wants $200K, but the current value of the home is closer to $160K-$170K.

Hoping to get help from like minded people.After lurking in the back ground for years, we recently started purchasing property in the greater Birmingham area.  

hi 3 years a ago i purchased a 15 acre mixed use property in disrepaire.it consists of 55 mobile home/RV lots3 duplexes a  3 bedroom housea  2 bedroom housea storea shopa lundery matwhen i bought the property in was really really poor shape.   

Purchase price: $123,000 Cash invested: $15,000This was a 4-plex in C+ condition in what was then a small college town.

This is what the assessed tax value will reset to after you purchase.  

Hi @Emma Hustis, You are acting as a principal and assigning your entity's right to purchase to another entity or individual.

We've essentially ruled out investing in our local community because we can't seem to find a good deal (we live about 1.5 hours north of NYC, so purchase prices are very high), so we are considering (1) investing out of state; or (2) investing in some northern NY localities (Syracuse, Albany, Rochester, etc.). 

We used a HELOC on our primary to purchase and begin renovations on a duplex nearby, and just this month closed on a fourplex that has a couple units rented, and a couple that need full demo/flip (which is now in progress).I'm taking some big swings and really having a blast doing it.