Most owner financed properties are investors who buy, fix, and offer owner financing in attempt to sell the property for a price above market.

My second attempt was me putting in an offer for another 4-unit property(in an OK area) but was rejected because "The banks decided to send the property to auction considering they have been receiving a lot of activity".

Or, I was wondering if I should just stick to renting it out and not attempt to do the lease option.

Certainly, the first could payoff the second and not have to deal with it however I toss some caution out on that matter as most security instruments and notes will allow the Mortgagee to advance on behalf of the borrower and the borrower then owes the advance made, but if the Mortgagee runs out and just pays off a lien and the borrower contests the amount advanced, especially if any interest is attempting to be added onto the advance, may have issues if the lien didn't truly infringe or encumber the first liens ability to enforce and collect.

(she no longer does this and made attempts to bring value to the ordeal, it didn't work and she no longer does it, not a swing at her)If you don't want to share that information, no harm no foul, just thought I would inquire.

Not only am I concerned with the acquistion price, I'm also concerned what I can get when I attempt to flip the property.

Hey everyone, I am wondering if I should begin by trying to focus on working in my local market (San Francisco Bay Area) for Wholesaling and Rehabbing or if I should attempt to do Virtual Wholesaling and Rehabbing in the market I will eventually try to Buy and Hold.

Hello all, I've purchased my first property (SFH, cash deal) a couple of weeks ago, now I'm ready to keep going.I'd like to attempt to attempt a wholesale deal, and am working on a direct mailing campaign, but in the meantime..A house near my neighborhood which I drive by every day has been empty for a few years now, and clearly needs some work.

After a few months of classes and two attempts at the exam I managed to pass and now have my New Jersey Real Estate License.

It is always advised that one at least attempt to bring something to the table when learning from others.