It's also considered a block by block city, so it will be critical that you link up with someone that is reputable and understands the area.

hi mike. what you have going on here is a property that has not met the reserve price. in cases like these, the top bidder is no where near the reserve price. if you are the top bidder, auction.com will contact you and offer you the house for near the reserve price. in these cases, the top bidder declines and the house hits the auction block again. you need to be the top bidder at the end of the auction. i personally have had them call me and offer me the house for a few thousand less than their reserve price, which i counter offered at a few thousand over my price. we met in the middle and i still got a pretty good deal. 

The bank gave me a line of credit to buy, rehab and then refinance small homes with them into individual portfolio loans....

Best I can tell from previous posts on the site is that if you are having a problem with your DTI ration transfer properties to an "entity"(this is the usual word choice with little insight into what kind of entity the poster is referring to) However, when you dig a little deeper, it seems to be that even if you own property in an LLC if you sign a personal guarantee (which they pretty much always make you do* it all falls to you in individual, and therefore counts against your personal DTI ratio, which at least for this, seems to defeat the purpose.* it seems if you have an LLC with 2 years of tax returns, you can actually have the business get the mortgage, and not have to sign a personal guarantee.

It is individuals like you that afford us our many freedoms. 

Love and appreciate this platform, many great individuals and alike minds.

Joel MPlease do not listen to individuals who tell you that purchasing a 30K property in bmore would be a problem.  

It'll be tough to still rent out the rooms individually if your buddies move out, at which point you want to have the option of renting to a single family and still able to cash flow each month.

Could it possibly be on a high crime block?

We are considered to be the average of the 5 people we spend the most time with so connect with REIA meetings, accountability partners, and mastermind groups to engage with individuals interested in real estate investing.At the bottom of this page is a list with help in it.