After driving down to look at a few of his other previous properties, we talked through the terms of my loans, and the intent to use the money at foreclosure actions at the courthouse steps.

That would allow you to prioritize the TO DO list (base in what you feel is need vs. want, as well as what you can afford) as well as communicate your intent to offer a well-maintained property.

Agree, the house is located in a good area (Rose City Neighborhood) between downtown and the airport.The house is a remodeled house 3 bed/2bath with a detached ADU, The one thing that worries me is the fact that at some point appreciation will slow down compared to other markets with faster appreciation that can use that money to for a long hold.So far the intention is to invest in distressed SFR to rehab and rent out, however, I like the idea of new construction and that option will require more capital.

@Alexandra KingKeep networking and tell everyone you know what your intentions are.

@Jonathan BombaciI should've made my intentions more clear on the second deal.

Your intentions are kind but you would be interrupting their lives with anything you do.

@Razak Amadu check with your lender and tell them your intentions, you should be fine.

Purchased with intention of renting but did not have a really thorough grasp of the numbers at time of purchase.

I am also fortunate to have $80k+ in savings that I could put forward but had no intention to do so.

I am a new investor ready to put in a cash offer on a property in new jersey with the intent to BRRRR.