Hi Shawn,Feel free to contact me.You can instant message me in BP colleague request or can e-mail me or call me with my contact info is shown below.They won't let it be put in the actual post.You do not have to invest in the area where you are at to be successful.That being said you do have to have people you can trust to work with.I am not saying not to invest locally as that can work as well.It all depends on what you are talking about (houses,commercial,apartments,triple net).

I could purchase these properties and pay off my truck and other debt for about $100,000 and instantly have $100,000 worth of equity.My credit score is about 600 and rising, mostly because of the bankruptcy and lack of accounts.

And in today's market, you should be able to find deals with instant equity in addition.I would also be careful about consolidating.

Be tactful when it comes to motivated people because the instant you come across as an investor that wants a profit you won't get any calls whatsoever.

That means the noobies that bought the "instant equity at closing" deals are now seeing NEVER LIVED IN houses being sold for less than they paid, meaning they'll have to cut their prices too.My advice; build up your cash reserves, get your credit scores up, sell all your unneeded junk and get ready for a real GARAGE SALE.

I instantly imagined myself controlling a horse on the carriage with 2 ropes.Rick seem to be connecting the dots from both perspectives of creditors and from perspective of investors who creditors typically deal with when it comes to investors paying off first position lien or second mortgage liens, and stating that there are multiple ways of transferring deal using 2 strategies ... either using strategy of finalizing transaction to go through the final stages of probate (during either of the 3 stages) or buying off the lien judgement, depending not the equity...The probate concept of pre, open and closed state all have conditions that can be favorable or non favorable in relationship to you closing on the deal and getting it under contract.To be honest I am also a bit new to probate concept and tax liens and judgements and subject to types of acquisitions.All of this real estate Mumbo jumbo makes my head to be honest spin sideways.However, the multi dimensional factors and art of the deal from the standpoint of multiple variables and it’s inner dependencies indeed makes real estate investing quiet interesting endeavor to follow.As you dive deeper and deeper into variety of strategies... you gain compounded knowledge that in reality most certainly can be amazingly beneficial to folks who are interested in wanting to outgun their completion.In fact I would not be surprised at all with Rick stating that straddle play method of controlling the deals can outgun rehabbers using the power of negotiation.However... imagined if you can intersect the dots across multiple strategies and be able to rehab it... how cool would that be?

I will add get permission to back some cookies... nice cookie smell is comforting.. also bottles of water with your name on them.. lender there to do instant prequal is nice as well.. you can't do this but when its your listing.. you can offer a free cruise certificate.  

The numbers will need to work without any "bought at the right price" instant wholesale equity.

I was hoping to be able to purchase at a price which would provide instant equity based on a bank valuation and then use the cash flow, which at the most conservative estimates I can make would be about $1900/m, to cover additional costs at closing.I definitely understand the bank will view the financing of the 8-plex and duplex differently.I am hoping to structure a deal with the seller which creates a bit of flexibility on when I would need to refinance.

However if you have the time and skills to do a lot of the rehab yourself you can get instant equity gain and the resulting unit is more likely to cash flow.