Last year I acquired my first property, and the house is leaving me a nice return.Now for my second investment, I was going to buy second property, however this lot is huge (around 8000 sq ft) and the house is small (1000 sq ft), so I decided to build an extension instead for rental .

Hello, I've acquired a total of four buyers for my buyers list but I don't know what exactly to ask them.

There's risk with subject to, of course, but if you can get into a position to refinance if needed it might be a way to acquire a property.

I usually have to pay 10% of rent + 1 months rent to acquire tenant.Hope this helps you make a decision.Good Luck.Bill

So if you're using a hard money loan to acquire a property that you intend to refi and keep you should have the loan preapproval for the refi.If you're just getting started cash is king.

How did you acquire the first property? 

Aaron, since I cant go to my title company and acquire a list of motivated sellers, what would you recommend my target area be when building a list on listsource??

We are working with the family to acquire the property.

The purpose of the loan being neighborhood stabilization, by acquiring non-performing notes, modifying the mortgages, and financial education?

This is  because of the fast turnarounds they have from acquiring the property to selling to a potential investor.