I'm trying to get my feet wet in "courthouse steps" foreclosure auctions. I'm subscribed to a foreclosure data source and working with about $500k to invest initially in Sacramento and/or Solano County auctions. I hav...

Account ClosedIs there a tipping point where you want to have a management company?

I let my brother (who is now 27) manager it and it went downhill from there so I came back up to take care of the properties.

Originally posted by @Eugene Stokes:Yes yes I'm in my third day today is Saturday I am still skeptical a little exhausted and I am trying to understand why I have not retained any of the express information that the instructor has been throwing out there for 2 days maybe it's just me. and I don't understand why I am trying to pull credit to pay for a program that I thought was doable for the $1,147 I spent that was my introductory cost after attending the class on the second day I find that there are advanced classes that they would like you to apply for I'm a little confused so I'm not only using their resources but I am buying into a system that I had no idea that I was getting ready to buy into LOL if this makes any sense please reply note I am submitting retirement documents regarding my 401k bank statement regarding my savings and banking account checking and I'm online applying for a $20,000 credit line help reply thanks. careful these are education companies your just paying 20k for an education.. that's all.. there is no magic to this and snap flipping Is just another term for being a wholesaler and there are tons of them on BP who  will gladly help you for free or far less.these guys make their money selling you information.. and its all very well scripted and laid out to get you to run up your CC to pay them.If you cant stroke a check for it.. then your not ready to enter this business as all.. if you run up your credit card how are you going to get any other money to operate.. ???

Getting in front of the potential lead is key, but I would be careful about doing it in a way that could lead to some bad word of mouth that could harm your reputation early on.

And any tips on screening a good tenants.

- Any tips or lessons learned for this type of project: I am typically a buy-and-hold kind of person and this is my first construction project.Thank youMo

@Chris Hodge depending on where you live, there are actually companies/services that will take care of getting the information for you.

The bank does not care about my income as long as the property is profitable / meet DSCR criteria. 

Are there any good tips on how to better estimate reserve costs for new apartments?