Doing my dd on wholesale real estate and looking to get involved in the Lake County area.

I’ve been interested in RE investing for several years, as I’ve found that I’m good at digging up opportunities and closing, and I enjoy crunching numbers and analyzing problems.I’m interested in meeting people who have set up private money / private equity deals in the past, especially if it involved single-family residential buy-and-hold strategy.I’m also looking at pulling the trigger on the local Lifestyles Unlimited seminar, because I have a lot to learn, and also because I want access to what Lifestyles considers “best practices” in what will be my market.I’m happy to hear all sides of any idea and my hobbies include playing devil’s advocate and drumming at my local church.

@John Merritt   Remember transferring property involves to things: transferring the deed which transfers ownership of the actual property and the security instrument (mortgage, security deed or deed of trust) which shows who is on the hook for the $$ borrowed. 

I've been involved in the Indianapolis market for nearly 10 years and it has been strong that whole time. 

Cash is what you need in that kind of melt down but I never had seen credit freeze like that before and hopefully never will.For me if I was thinking there was going to be another market correction of that magnitude I would have my powder dry and  have my commercial bank in tow.. my one major commercial bank stuck with me and kept our credit in the mid 7 figures but we were on 90 day reviews full financial every 90 days.. it was an odd time.  

Looking to get involved and network with our local REA in and around the San Antonio area.

How is the owner involved if HUD has the property ?

Originally posted by @Steven Picker:https://www.housingwire.com/articles/46567-sec-shu...really nothing goodYUP  this is bad news for all involved.. 

Very odd.

One thing you seriously have to consider is whether the turnover/vacancy involved would have a big impact on your bottom line - for example does your property manager take 1/2 a month rent to find a new renter, how much would you spend in cleaning/paint/carpet/etc between tenants and if it is a cheaper property in the area, are your tenants going to maintain the property well?