I have bought many pre foreclosures, I focus on underwriting and preparation.

Either way you will be treated with respect...prepare a list of questions to ask when they call,and ask for an appointment.

I only use leases prepared by my attorneys in the 2 states we have rentals...the attorneys will be defending them in an eviction, and you want to make sure the terms are legal and up to date.

Get married or be prepared to own it with her parents.

Therefore, be prepared to work and invest more time and money than you initially expect.Two biggest advice to shell out are know your numbers and all the auxiliary costs besides the obvious purchase and rehab.

They were slow to get repairs done, they didn't do inspections, they never ran rental market analysis to evaluate pricing, and they had no proper paperwork or documentation for tax preparation.#2 treated my tenants poorly.

It sounds cheesy, but the best way to prepare is to work with a friend or two and role play.

If anyone has any questions in the realm of real estate, I charge 100 dollars for a half hour to speak about anything ranging from discussing your current deals, underwriting, lender questions, investor preparations, capital stack, commercial real estate etc. https://calendly.com/event_typ...

Hi I prepared a list of 28 questions I provide  those that take  my CE classes .

@Alison Kopcko you will have to be prepared to put in a ton offers over a period of time before you land a deal.