You can always make your offer contingent upon any inspections, and then re-negotiate if something major is discovered.

Hope you will discover a "better way" to invest to give you the return you're looking for.

It will require all parties affirm that there are no undisclosed payments to any parties involved.To go around this agreement is fraud and you are open to prosecution if the payment is discovered.

Being Canadian investor I have discovered during my conversations that lenders are very strict with "foreign nationals" so it looks like Hard Money lenders will be the source for me to start.

Maybe she could simply cosign for me since she has the regular income history and excellent credit as well.Anyway, it's all very exciting at the moment and I have already learned a lot here having just discovered this site last night.Cheers to all,Graham

Every month I see lots of properties go to sheriff sale where the bank is willing to accept far less than the debt; the debt is always published, but you have to actually go to the auction to discover the bank's bid.

Worse case can be much, much worse if you discover some major problem that needs attention, have a lengthy vacancy, or an ugly eviction.

The title agent they assigned is an idiot and would not respond to my attorney's repeat request to examine the title and lien search work, then 1 day, yes 1 day before closing they said they had a title defect, some typo in the legal description discovered during a survey which I paid for, prevented them from selling.

Actually his 1,700 per month apartments are section 8 3bdrm aptsthey are in the hood not the hoodiest parts of the hood but still the hood Jamaica Queens nyc so his thing is commercial carpet as a flooring choicehe tiles the floor in the kitchen and bathroom himself.and he puts in the cheapest stuff he can as far as sinks counters cabinets.my area is georgia atlanta near moorehouse and Spellmana sketchy neighborhood but I am on a decent block within the sketchiness.like you said Lynn I am going to have to discover what works.I most likely will have to rent to section 8 or students and therefore my model should be low cost and durable.

And then I discovered an interesting paragraph on his website where he stated that he doesn't take app fees or do credit checks, just needs to know the prospective tenant's address history and current employment.