Originally posted by @Elizabeth Wilson:@Michael Williams - I won't begin to understand any of that! 

@Elizabeth Wilson  its far to early in the process.. having done this for many years before it became ILLEGAL in our state the only way we bought them was within 48 hours of the auction and usually the day before.you need big time cash and big time risk and you need to have in at title company that will give you a date down on the phone.. if your in a title abstract state that takes for ever to run title I don't see this as any kind of viable.

elizabeth

(not so easy to do)"Cash is king, cash flow queen"****"Adding value" is certainly something I've been looking into.

Thanks @Elizabeth Wilson!

@Paul LaSpina Hello Paul, I'm in Queens NY and I'm wonderin if lease options are profitable here as well as the other boroughs.  

I am interested in doing the same with some of my friends but I want to stay in Queens.

I agree with Elizabeth as far as CPA is concerned.

@Elizabeth Wilson Thank you!

State Street and Governors Ave (which encompasses the East and West side of campus) aren't too bad, although they are quite busy.Just be very, and I do mean, VERY, careful about Kirkwood, New, and Queen Street as these can tend to be rougher streets.