Most property owners that get into the start of foreclosure sell before it becomes REO...the internet makes it much easier for owners to sell instead of take the foreclosure route.

Disclose, disclose, disclose - Most times we dont know every issue in these houses I am only in them for 30min before we buy if at all!

When I click on "90 Days", it shows me the houses that have been on the market for a MAX of 90 days or less.

Interest rates and down payment requirements have a great deal of variance between owner occupied (primary), 2nd home, and Non-Owner occupied (rentals). 

My concern with a house is finding the balance between acquisition price and appeal in a beach town. 

Just a couple notes from my side: I don’t believe you can lend from your IRA to yourself to flip a house since you are a “disqualified” person, or whatever the term is.

I hope someone with experience can help.The property is a 3-bedroom, 1-bathroom house according to public records, but the current owner converted it into a 2-bedroom, 2-bathroom about 10 years ago without permits and updates to the records.Questions: I'm planning to use a conventional loan.

What I did: direct mail to distressed home owners.  2000 letters -> about 3 houses a month.  

You can try tax records, but in Michigan, many new owners don't do that. 

Hi everyone,I'm exploring the possibility of investing in the Indianapolis area.I was thinking of focusing more on the Bates Hendricks / Fountain Square area, and I noticed that most of the houses in the area are quite old.What do you consider to be "too old" of a house in this market?