I am in the process of acquiring my second SFH for rental.

Hello all,I wanted to know where this community stands on preforeclosures and how to go about acquiring one.

They wouldn't take anything below 55K.This was the closest we've gotten to acquiring our first property and am disappointed in not getting it.

The hood is coming into its own, everyone is tidying up their properties, putting new siding on, cleaning the yards, making the street appealing..

All the while acquiring more and more properties and building wealth.

I just acquired a vacant 9-unit apartment building in Jersey City, NJ.

None of my rentals will be kept under this company, rather I will do all my rehabs through this company and any birddog or wholesale profits.I am currently acquiring rentals out of state in Michigan and Indiana.

I was thinking that would be great plus to have some realtors on my team to help me acquire and look for deals, plus for wholesaling.Wondering if anyone has experience with this.

The other redeption periods are still in effect, and purchasing one of those leins can be a way to acquire the property after the sale but before it becomes a REO.The new law, the "Colorado Foreclosure Protection Act" defines both preforeclosure consultants and equity purchasers.

Right now I am in the knowledge acquirement stage.