Can be located anywhere in the country, but they need to be able to go after deadbeats nationwide.

Can be located anywhere in the country, but they need to be able to go after deadbeats nationwide.

Once the offer is signed the attorney presents to the court for approval of the sale.

Once you get a ruling you file to small claims court and if allowed garnish wages.Do you have a deposit from them to put toward rent.

There were an endless number of steps I had to complete to bring this deal to fruition including building a local team from across the country, putting in many offers, passing on several bad properties, and getting my financing lined up so I could pounce on this opportunity right when it hit the MLS. 

I am open to investing anywhere in the country that makes sense.

I consider myself lucky to be in Michigan, where there is almost every kind of real estate market you could wish for.If you listen to the bigger pockets podcast with market seeking in mind, there are investors from almost every part of the country.

I believe you received the feedback directing you towards a 1031 because of the low cash flow, and the potential of having 2 properties that cash flow the same or more each in other areas of the country. 

This is not a thread to debate the government shutdown (political discussion is against the forum rules), but rather just a warning to people that I just ran into an issue.  10% of our workforce is government employees, and roughly 1% of the entire countries work force, so this is something to be aware of. 

Purchase price: $87,500 Cash invested: $5,000 Sale price: $99,000 little 3/2. broke even. held it too long while we had another and ended up going out of country for a while What made you interested in investing in this type of deal?