See if there are cash-flowing properties to be acquired…. in less desirable neighborhoods I suppose (Glen Burnie, Dundalk?

Hi Karla from Montreal, Canada-You ask an interesting question.Should your first real estate investment be new construction, since you and your partner have construction management experience, or flipping an existing home as you originally thought you would?

Quote from @John Underwood: SC will give the defaulting owner the overage if they request it.An owner (or former owner) requesting overages in South Carolina or Texas won't prevent you from getting the property at a discount.Under the new Arizona law, an owner requesting Excess Proceeds before the foreclosure is finalized will prevent the tax lien investor from acquiring the property or making any profit besides the generally very low interest.I am worried that might even happen if a junior lien holder requests such excess proceeds.To make things worse, when the 30 day notices are sent to the homeowner, they need to include a statement regarding their right to ask for excess proceeds.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Quote from @Beatrice Ontiti: I am so glad that I stumbled upon RTR because my experience has been exceptional!

Closed on a 26 unit bldg in January and currently under contract to acquire a 64 unit bldg.

Has anyone have any experience acquiring multifamily property using a SBA loan like to get your thoughts?

With 26 years of contracting experience, you already have a huge advantage in the fix-and-flip game.

I’ve been diving deep into the world of real estate investing, with a strong focus on acquiring rental properties and eventually scaling into larger deals.

We are just not as familiar with them so want to see if anyone else has any experience with them.Thank You