I got 80k off of 100k value.

Even though I knew I was off, the numbers I got did not feel like a cash flow property to me.

Up until the trustee sale (foreclosure auction), the home is still owned and fully controlled by the home owner.I’m assuming you’re going to be looking at off-market properties (since loan status isn’t something they advertise on the MLS so you likely wouldn’t even know if it was in default if it’s a listed property).So, in that case, you’d just negotiate a purchase agreement with the home owner and then take the contract to your local escrow/title company to open escrow. 

I have a few thoughts:-Homes just off the water (in walking distance) almost always have better ROI due to lower purchase price.

These LP's are blowing you off.

Hi all,There is a growing probability that I will be relocating to Santa Fe in the next year or two and am creating this post to help me get the lay of the land down there.First off, I currently live in Colorado but have been to Santa Fe and absolutely love it.

A hard money loan is designed to be paid off in the first 6-12 months.

What's the best way to connect with buyers in there, make a post or steal the emails off peoples sale posts?

How badly did I get ripped off?

I would, personally, let him exhaust all his funds on the purchase and then you come up with a loan that finishes off the acquisition financing and then holds the rehab funds in escrow in an account you and your brother sign off on for withdraws.I do not think I'd put a lean on the property.