My most successful endeavor has been with mobile homes, where I was buying cheap for cash and selling with financing.

New investor hereI just made a deal to buy my first property.I was able to get it cheap because it was a rental that had a fire.I'm already talking to a young family man who wants to buy it contract for deed and fix it up.I'm willing to do this but what kind of insurance coverage should I buy while he is working on the house.Just Liability?

Once I convinced my wife that debt was cheap and less risky than holding cash (took some serious negotiating) we have started leveraging out 20+ year fixed loans on cash flowing properties..

I do see houses for sale in Williston not cheap.

It is not cheap to invest here, but we have had favorable returns.

And if it is, how would I go about getting the down payment at a cheap enough rate to still have decent cashflow.

If you know where the tenant work at get a process server to hand delivery the demand letter to him/her and do it when all his or her friends are around, and that will get his/her attention.

src=/program_offices/housing/sfh/203k/203kabou) 5% Down Homepath Owner Occupied Not as cheap, but come with renovation options attached to the loan: 10% Down Homepath Investment (SFH only) 20% Down Homepath Investment (Duplex only) 25% Down Homepath Investment (3-4 Unit Buildings) Auxiliary: http://203kcontractors.com/

My area had a ton of REO's and pre foreclosures and land for dirt cheap.

door knock/cold call forclosures, use wholesalerstell everyone you know that you do real estate.set alerts on zillow and work them day 1follow houses on auction.com or hubzu.com until they get cheap enoughChase down short sales...they take a long time, but they are truly "distressed" sellers.