Besides wholesaling you could Lease option or take over subject to and place a tenant/buyer in the property.Let's assume everything works out perfect.

Even if they can't get or perfect the judgement they will send a 1099 as extra income to her and she will have to pay income taxes on it.

Action is the thread - not perfect action, or polished action, but informed action and a willingness to look silly and fail along the way making changes as you go.

My US house is a perfect tool for learning how to invest.

Thanks Matt, that was perfect, and exactly the type of information that I needed to see.

Either way will work for you because it sounds like you are the perfect FNMA borrower; good credit, W-2 income and cash reserves.

Since there are not as many cash investors here and banks won't lend on properties that are not in nearly perfect condition, the Realtors know they need to price the properties appropriately for rehabbers to make some money.Also note, not all the properties that need work here have suffered flood damage; many have just been neglected for years.

Now, since you are building you are in the perfect situation to use Cost Segregation.

Hey @Kalonji Mitchell perfect!

Nothing is perfect and there is no guaranteed success anywhere in REI.