mostly credit cards.

Not all true..There is no magic number what the property is listed for or what it sells at only that the Lender must be able to prove they sold it at fair market value as was noted above.In Ontario the norm is Power of Sale and in Alberta the norm is Foreclosure.As for finding multi plex buildings being sold by the Banks it is very rare.

You will also not be able to qualify for any type of mortgage or finance to buy a regular single family either.My best advice to you would be to work, get a secured credit card ASAP (or two or three) to build your credit as I did (currently 3 years in with a 780 score) and get a multifamily (2-4 units) and get an FHA loan.

All so true.

Most agents I have worked with have the mindset that, if they work hard for me and hustle to show me the properties I need to see, I'll have no reason to work with another agent (which is true!).

The same is true for appliances.

It has the potential for positive flow if I play my cards correctly.

Add your URL to your direct mail post cards, business cards, and craigslist advertisements.This combined with some bandit signs if they are allowed in your area can really drum up some motivated sellers.

Once you are up and running successfully for a few years it will become much easier to qualify for financing for a property if you decide to buy.People say real estate is about location, location, location- but that is even more true for retail.

@Brian Levredge This is true.