The true craft lies in knowing the market inside out, having a Rolodex of connections (wholesalers) to source deals, or going out there, boots on the ground, cold calling property owners to find deals yourself.

For instance, here in central OH its becoming common for investors to purchase a side by side duplex that is distressed, adding a third story to the building, which is the owners suite, and then going through the paperwork to condo that building and split the parcel. 

@Kenji TominagaYou can Amtrak there in under 2 hours.Take the train and spend a Saturday or Sunday in areas you are consideringOut of state owners not visiting properties and or not meeting their PM’s is on the top 10 list of dumb things to do to lose $ in real estate.People will go to the store to look at a refrigerator, or appliance but not go to a home they are spending six figures on….

Cost segregation has been a major player in tax strategies for real estate owners by reclassifying assets that have a shorter useful life and can be depreciated over 5, 7, and 15 years from the nonresidential or residential properties with a useful life of 39 and 27.5 years, respectively.

When it seems like they have a final bid and no one is willing to increase it, they will often times go talk to the owner for a few minutes.

Thanks ,Kieran Kieran - if you’re looking to invest in a non-owner occupied property, you will most likely end up utilizing what’s called a DSCR loan.

Hey @Rickey Brunson, If you're looking at using FHA financing, I'm assuming you're planning to owner occupy the duplex.

You want pre power of sale, the owner will atleast receive some money instead of loosing it all.

No property owner should fight you on any of these requirements.

if you can swing a multi unit as a primary when you move that would be another major leverage point especially with the new lower downpayment mutli family owner occupant options that are out there.