Financed 1st deal by aquiring 100% financing by simply credit ( in definition, financing secured by shear credit is a debenture), bought property from builder at a discount of %10 by offering him a quick close (meaning no wait-time and no-marketing expense) and frequent business relationship, contract was struck before property was finished, found several buyers before property was finished and I closed.

Lately, a bunch of people have been asking about what to look for when picking a property manager.

The problem is their vacant home policy department usually works during normal business hours and I, as an auction buyer, sometimes find out that I own a property too late in the day to get it covered.

That being said i want to introduce myself, My name is Joe, Im from NY, im 22 i starting investing in my late 20's.

If your area is hot then you can sell the land / houses for a discount while it's still in pre-construction phase and sell everything before you finish construction.

You benefit by having a far less involved management and maintenance problem, motivated occupant, far less issue with "rent" being late, and if you do it right, you can duplicate this cookie cutter anywhere and make big bucks. 8)The way I learned how to do this: www.landtrust.netI became a member of the NARS system and for me, it takes away most of the problems you find with renting the traditional way.

I'm a little late to the party - but if anyone has similar interests...I'm in!

Our investors don't want the late night phone calls and the hassles of tenants and so we have worked hard to develop a relationship with a property manager who is solid and dependable.

hmm... a few useful bits of info from what I've learned so far without copying the entire fix and flip page from my website:An ideal place to start looking might be in neighborhoods that are in the 25-35 year old range; basically where houses are outdated but still hopefully in good structural condition.With this kind of unit, you can focus on some of the more basic, value-added repairs such as paint, flooring, landscaping, and other basic finishing touches.

Here is a nice bath from a house that I finished last year: