(This will change in the future)The problem is neighborhoods that i want to live in due to school and work proximity have houses that sell well above this figure.Should l continue to live in my apartment which i pay 460 a month for (share with a roommate) and then look at this venture purely as an investment?

The subject is a short sale 3/2 1300 sq. ft. in a nice neighborhood a few blocks from the waterfront (Gulf of Mexico).

We bought when there was nothing in the neighborhood.

Hello Everyone, I have read most everything on BP and listened to all the podcast to date but never posted anything.....so here goes.I am looking at a 2300sq ft house in a decent neighborhood that has a completely unfinished basement.

I've done a lot of cut and pasting Edward Scissorhands-style of many posts on BP that address seller financing, but there are several differing opinions on the topic of whether or not it is necessary to use a mortgage broker who originates secondary market loans for a NOO transaction.

Brian -It will be a lot safer if you start investing in your own backyard where you know the neighborhoods and the home values before trying to wholesale in other states.

The M streets and nearby neighborhoods are great.

I did some research and I understand that neighborhoods in Memphis can vary greatly.

I've never found Trulia, Zillow, or Craigslist to be easy or effective.Price is a function of the area/neighborhood your working in.

However again I am not familiar with that style of house and the things that can come up unseen in that part of the country.