I like people and talking to them, but have some hesitation about working pre-foreclosure type deals.Do you have some good material to start me down the right path?

sold that place too.Make friend with the neighbors, secure the property, carry insurance, and be conscience of the crime in the area, will go a long way to reducing your odds of break ins.Also don't leave tools or other valuables at the property, and only order materials as you need them.Steve Babiak, we used to use double cylinder deadbolts on properties but a PA locksmith told me that there was a state law making them illegal.

Located in Southwest Missouri.15 pads3 Currently Rented @ $150/month8 Park-owned homes in various stages of repair, 2 of which can be rented right now for ~$300/monthPurchase price = $32kDown payment = $3kI can do the work on them myself, and many of the materials are already included.

What is the material you used on the fireplace?

I'll post the results tomorrow (Thursday May 3rd) during the day to give a few more people a chance to answer tonight.As background, my day job has been working with Family Offices since 1992 so I get a lot of research material for this segment of the market.

After seeing Ron LeGrand in Long Beach and going through his foreclosure materials, the first foreclosure deal I did was to purchase a preforeclosure property with $25,000 cash down, subject to the existing $700K loan.

If you look it up, you will see that linoleum is made of made materials such as solidified linseed oil (linoxyn), pine rosin, ground cork dust, wood flour, and mineral fillers such as calcium carbonate, most commonly on a burlap or canvas backing.

Looks to be only about 50-60 sq ft so I would anticipate about $250 in materials and 4 hrs of labor if your handyman knows what he is doing.

Unfortunately, I've never found any good reading material concerning owning multifamily properties.

Ultimately...if you are pre-approved, the numbers work, and the lender can close super-fast there ought to be no material difference in the seller's eyes, right?