Have any of you ever tried this approach?

Wondering, have you approached your neighbors about buying it?

He's right, MLS is very hard to compete for any good deals and there are lots of bidders at tax deed and foreclosure sales.Problems like these create incredible opportunities for those creative enough to think outside the norm.

The rest of my properties are duplexes and I like the long term value in renting my properties out, so I favored that approach and the rental offer pushed me over the edge.

In my area, depending on my volume of leads and my time available, I would approach the seller and let them know this information.

A balloon or ARM loan is also likely.One approach is to do a syndication.

I would find where #2 bought and then hit the same general area to tie something up and then approach them with would you be interested?

Wow Brady Lucero this is incredible!

Forst off, IF you expand your farm area, you must make certain you repeat the process of completing your due diligence in the new market area as I directed you to do at the start.Second, rather than go down that road, perhaps open up your current farm to a different approach, i.e. direct marketing to motivated sellers like absentee owners, vacant homes, pre-foreclosures, divorce leads, etc.

I don't think the house is worth even 140 with no work done to it but the tenants really want to stay there and would pay a premium (supposedly).The owner's like me. they said they've been approached by more agressive people and were turned off but that I impressed them.