I recommend that you first identify a strategy for your investment and make sure that the market you choose supports it.

The other aspect is identifying what I call "Ugly Inventory" so that you find homes that can still pass an appraisal and not be "Subject to" so that you can do some TLC with repairs/renovations to borrow off of the ARV.

Look into a skip tracing company without a long-term, high-priced monthly commitment, and flexible pricing that returns, landline numbers, wireless numbers, and emails, all sorted and identified.

If you're not familiar with the area and are looking for a place to begin your search, the below hot list will help refine your search.Today, our goal is to identify different submarkets within “the Poconos” that serve the short term rental community and its demand.

After really listening to the BP podcasts and reading these forums, I am learning and identifying all of these different strategies.

Plumbing, tree pruning, land slope, electrical, and many other major issues can be identified with an inspection.

Last night, I learned that there's a problem with the home: during the inspection, six gas leaks were identified, and repairing them will cost approximately $7,500 in labor and materials.

Very true, you make your money when you buy and that formula is dependent upon your search abilities, how big of a net you cast to find opportunities, your negotiating skills, your ability to identify great locations (often near good schools), and your ability to transform the property.

If you decide to go with it, understand that you're taking some risk.And, speaking of risk, the main risk is the IRS focusing on this strategy at some point and identifying it among "abusive tax strategies" as they did, for example, with notorious conservation easements.

Let's say your inspection comes back and identifies some matters that concern you, but your neighbor feels are inconsequential.