Wish I owned some rental property right now...arggghhh....or could find cheap easy financing to buy some...!

Made and easy 25k on it.

It was very easy to use.

keith, i did what your talking about...i was able to buy 3 three family properties this year...it is working out because i bought for cash flow...my equity in my own home was not working for me at allbut it all depends on your risk tolerance...make sure your #'s work...for example my numbers: i make over $1500/month per property i bought this year...if i could buy more i would but right now ive used all my equity up to 75% on my primary home...landlording is not easy either, just get ready for the roaches, bedbugs, overflowing toilets, fights between tenants, trash, etc...even w/ all of that its still worth it imo...good luck....bg

Rents are 725 a side.This does not conform to the 2% rule, but we are in a great neighborhood which in the long term I will see nice appreciation and this area has the best schools in town, so easy to rent.Gentlemen owned 5 of them and has been foreclosed on.

Wholesaling it is the easy part!

Even if tenants screw them up - you just pick up some more & replace them - very easy maintenance....PS - Are they glued down or tacked down - I figured the tacks are probably easier??

Its really easy to jump into a deal, then figure out you've made a really bad deal.

In fact, if you establish a track record of easy to deal with, word is your bond, fast, good pay, etc., etc. they may come to you with their REOs.Large banks - forgettaboutit.Ps - I bought 3 REOs (at separate times over the period of a year or so)from a local bank that is about 5 years old with 6 or so branches.

If the deal is marginal or worse a $5K credit will never be enough.I would a notice about the disclosure issues and otherwise make it easy for any future buyer to know there is a defect.