It's great to have experienced folks join the site!

@Julian Buick  don't see this as much of any thing a underwater first followed by an underwater second.. that second has little to no value.. unless you were to judicial foreclose then get a judgment on the folks then that could be wiped out by chapter 7 ( I think ).at the end of the day seem like a lot of work with a lot of risk..

These folks loan the funds to acquire and rehab or build new primarily single-family houses in their own market areas.

Looking forward to seeing the different ways that folks are handling this.

There are a lot of folks that come and go so established folks are pretty closed and tight nit.

Rick - do you think that folks on this thread understood the profound nature of what you said?

@Russ Scheider Russ has asked me not to tout the attributes of the area lest it create undo competition :)IN all seriousness this is one of the under the radar markets investors dream of.Let all those folks think they need 10 caps with no appreciation..

Thanks folks.  

I love that you are targeting folks with back taxes as that typically means the properties are paid off and they are not keeping up with it for “some reason”.

A lot of folks hype pulling a partner in - but for building cash flow, especially purchasing your first property, I don't see a better method than getting qualified for an FHA loan, save up that 3.5% and go buy a two/three/four-unit where numbers make sense.