You have to purchase at least as much as your net sale and use all of your net cash.If the scenario involved a $450K sale. 

Definitely do homework on making sure you can get a clean title and make sure that the foreclosure was on the first lien.  

I have 30+ units and on a regular month usually only spend about 5 hours total on management things, most of which involves collecting rents and bookkeeping.

Much like by the end of this decade, I will take those same steps to become even less involved with work and have more times with my kids who will be really developing and that will be my focus.The difference once I made money, and was able to make it make money for me I de-risked by eliminating leverage.

Mike has been easy to work with for me, I don't know the other guy who it looks like was involved in Four Peaks.

I would get an attorney or title company involved to create your loan documents to ensure they comply with the law and cover all the aspects you need.Another method that is likely your best bet to take on investors is to create a joint venture (JV).

I am excited to get involved and meet all you awesome people! 

We both knew we were aligned in our goals and had a clear understanding of our respective roles in the deal from the outset.If seller financing is part of the equation, look for someone who’s not only experienced with creative financing but also understands how to manage the potential risks involved.

First mortgages involves loss mitigation (occupied 1st) and asset management (vacant 1st).

There are variables involved, and there’s of course skill and effort required not just calls.