Personally, at this stage of my life, I choose to work from home, travel a lot with the family when I can, and leave the on-site micro-management of properties to others (so that I can be free to "chase the next deal" online from wherever I may roam - which leads me to invest in condos (essentially hassle-surprise-free), setup online infrastructures for management (managing teams via emails and telephone as opposed to managing properties hands-on), and aim for a multitude of "spreadsheet" properties as opposed to two or three "big money making" ones, which would necessitate personal attention in most cases.

Hey @Mark Ferguson ,How long is a HUD home in the Owner Occupancy Stage?

I asked him if he was planning to stage a open house for which he said, he rarely does open houses as he has been successful selling houses without them. 1)For houses in the 150k range, Will the realtors do an open house?

@Carrie Pledger , you need to know what stage the foreclosure is in, how much is the bank loan and how much it is in arrears (if it's behind on the payments).It's possible that the owner is able to get the bank to do a loan modification and ask them to postpone the sale.You can do a shortsale and if you get it at a low enough price (e.g., 50% of what the house is worth), you might be able to borrow money from a hard money lender.

At this stage I have been trying to figure out how to build wealth.

Love the "jazz-age" staging in that home.

My parade has yet to even enter the planning stages, and certainly is a long ways from being disturbed by the weather.

I would like to find somewhere that understands my goals and what I want to accomplish, but also teach me the ropes as to giving me good guidance(yes, I know nothing is free in life) i would be willing to help you out anyway that i can in this early stage of my career.

I'm at a completely different stage in life (44 years old) but I'm also new to REI.

Hello Everyone -I am in the beginning stages of REI and have 2 properties on contract w/each at about 60% of ARV and purchase price is coming in at about 58% of ARV including repairs on first property and about 62% of ARV on the 2nd - closing has been a little bit of a struggle (always get it in writing), my question deals with a 4th property that I found while driving home, distressed property that seems to have been up for sale at one time, but doesn't show on the MLS and has a absentee owner (CAD) - my question is what to say in the letter and is this considered a Yellow Letter approach to making and offer and purchase this property.