We love Portland but found Eugene has many of the amenities we seek without the Portland price tag.Our current plan is to make our first investment a “house hack” so we can finally settle down again and get some experience as landlords.

The seller had finally put in new low end furnaces & small HW tanks leaving the old stuff in the basement.When it dropped to $55,000 & his tenants finally left we walked in & offered $40,000 cash, close in 30 & we were told to leave ... 10 days later we were asked to raise it to $45,000 & we had a deal.

Though I decided to continue trying it has been difficult to recapture my motivation but i think i'm finally back on track.

I believe I've finally landed in the best spot for me in the country... 

@Mark Ferguson I think on the original HUD property I purchased it must have been similiar to your final #3 scenario.

I've always been interested in real estate, and after doing a lot of research and reading a lot of books over the last few months, I've decided to finally take the plunge!

I have had folks hold on to our letters for YEARS and call us when they finally determine they no longer are going to use the property.So don’t stop if it takes a little time.

How to finalize a neighborhood?

This year, I finally bit the bullet and bought an income property outright.  

Hi All,Newbie finally getting ready to pull the trigger, I have 40k cash to start out with BUT NO CREDIT + no income, meaning unable to get any conventional/bank loan.