The market has been dropping too fast in our area for this to be a good exit strategy and the banks are already taking such a price hit, it’s hard to get them low enough to make that possible.

In order to keep your property in rentable condition you might have to 1) roof the house 2) add a porch if water is rotting the front door facings 3) change out a furnace 4) add laundry hookups 5) remodel an entire apartment or house especially if a tenant has been there many years.

I have had them run gas and water line extensions to connect, and it's usually easy to get a $500-$1000 up front "decorating" incentive from them to organize and spiff up the area you plan to install (by signing a 5 or 10 year contract).

Can someone explain how to go about buying properties without dropping a large down payment?

Drop me an email at [REMOVED]with your contact info and please include your city or zip your in and I will have someone contact you.

A special note here: Water, Gas, and electric company personnel who shut off utility meters can be very good bird dogs, when it comes to finding property that is in trouble or vacant. give them those bounty cards below.

So if you have to apply two coats because of an inferior watered down paint then the cost just doubled in time and the added paint needed to get the job done.

Even if you do stop the foreclosure, they are still 6+ months behind in their mortgage and that info won't drop off their credit report because you stopped the sale.If I can share what an irate homeowner told me when I was new....."

A water source on the prop will make it more attreactive to the investor.

I am interested in networking with other like minded people, so please drop me a note so we can see how we may be able to mutually benefit each other.I look forward to hearing from you,