Interest rates will be a bit higher too. 8% is possible if you have spotless credit and a good cash reserve.Local banks are now your best bet for commercial loans, I called a broker about doing a cash-out on one of my properties and he informed me that the open market now wants to see 12 months seasoning.

Best bet is to Google REO or REO Asset managers and see what you get.

Its a popular topic.Jon

I'm located in Long Neck Delaware right near Baywood and all the pot nets if any are fimiliar, Most of the land here is owned by someone and they have pretty much divided it up and charge lot rent on every property ( mobile singlewides + doublewides are real popular ) SO much land owned by this man you would be impressed.

In case anyone missed it, credit union, credit union.If the rental property is rented, the rent can be applied @75% to help Your dti ratio, but I haven't seen that help lower the down stroke.Your best bet is to shop with out credit pulls, make face to face appointments, sit in the hot seat and follow some of Jimmy Moncrief's podcast suggestions, even though they are about commercial lending, His advice is solid.John

Try searching "Texas, Options" you'll find some information I'd bet. :)

There are a few "evergreen" niches, however, that are the most popular and consistently profitable: dating, diet, skincare, bizopp, ecigs (recently), credit reports, background checks.

Especially since casinos aren't even really popular now, and the fact that a vast majority of homes are owned by investors. 

Jerry;Nice idea...i actually do something similar with the tax redemption notices in Ga.I look the properties up from the sale lists and reference them against county records online, it really doesn't take that long.For me, the foreclosure thing wouldn't be a ongoing thing, maybe a few months, i was just curious to see what the properties in these particular counties were going for vs. being sold off MLS listings, and i'm betting the difference is huge.If one has inside knowledge of the property from prior owner, neighbors, etc, it would be a way to get great discounts.

Also in the rust belt where jobs and city growth are minimal. around toledo college is your best bet.