When you learn to partner with professionals who are well-versed in this segment, most distressed property transactions are quite straightforward.Myth 5: Distressed Properties Are Not Obtainable with FinancingThere is this perception that distressed properties are cash-type deals.

That's a sizeable tax bill that can be avoided just by investing in a different type of account. 

Go to your favorite search engine (e.g. google.com) and type in "North Carolina 10 day notice" and you will get a ton of responses.

location={lat},{lng}" headers = {'User-Agent': 'Mozilla/5.0'} response = requests.get(search_url, headers=headers) if response.status_code == 200: try: json_text = response.text.split('&&')[1] return json.loads(json_text) except (json.JSONDecodeError, IndexError) as e: print("Error decoding JSON response:", e) print("Response text:", response.text) return None return Nonedef extract_home_id(search_results): try: payload = search_results.get('payload') if not payload: return None region_views = payload.get('regionViews') if not region_views: return None root = region_views.get('__root') if not root: return None for result in root: if 'home' in result: return result['home']['id'] except KeyError as e: print(f"KeyError: {e}") return Nonedef construct_redfin_detail_url(state, city, street, zip_code, home_id): street_formatted = street.replace(' ', '-') city_formatted = city.replace(' ', '-') return f"https://www.redfin.com/{state}/{city_formatted}/{street_formatted}/home/{home_id}"def query_apify_redfin_scraper(detail_url): api_url = APIFY_API_URL payload = { "detailUrls": [{"url": detail_url}], "debugLog": False } headers = { "Content-Type": "application/json" } response = requests.post(api_url, headers=headers, data=json.dumps(payload)) if response.status_code == 201: try: return response.json()['data']['id'] except json.JSONDecodeError as e: print("Error decoding JSON response:", e) print("Response text:", response.text) return None return Nonedef get_apify_scraper_results(run_id): api_url = f"https://api.apify.com/v2/acts/tri_angle~redfin-detail/runs/{run_id}/dataset/items?

I don't follow that type of lifestyle and I stay away from people that gloss over it.

Full Disclosure is Required for Non-Accredited InvestorsIf any non-accredited investors participate in your deal, you must provide them with detailed disclosure documents.The SEC states:“[The company] must give any non-accredited investors disclosure documents that generally contain the same type of information as provided in registered offerings.”This is where having a Private Placement Memorandum (PPM) and Subscription Agreement becomes absolutely necessary.A PPM outlines:✅ The risks of the investment✅ The structure of the deal✅ The terms and conditions✅ The use of fundsA Subscription Agreement ensures:✅ Investors acknowledge they understand the risks✅ They meet SEC requirements✅ They legally commit their capital🚨 Not providing these documents could leave you vulnerable to investor lawsuits.4.

last thing I would consider for this type of situation would be how are the neighbors?

I actually think it is a benefit to both parties to have professional representation to assist the seller and buyer with these types of transactions.

What is really shocking is hearing people that say they used retirement accounts and other type money for these type of investments.

I partnered with an experienced STR agent, Troy Nowak, and purchased my first short-term rental in Palm Harbor at the height of the real estate frenzy, navigating fierce competition and ultimately overcoming What made you interested in investing in this type of deal?