I enjoy a healthy debate and learned a lot from this thread 7 months ago and continue to learn from it today!

12% APY for our Private Lender on this deal.100% passively.We borrowed the funds, we fixed the propertyWe sell it when it's beautified. 

You don't need to be rich, but you need to be ready.Due diligence is non-negotiable.

The surplus was $63k, that check is on it way to me now.

I am from NYC but plan on using a FHA loan and “house hack” for the low down payment option in order to start building my portfolio.

This was about 5 years ago so costs are different now but at the time it cost me about $20,000 I was not expecting to spend.

In these states I assume that just like a standard foreclosure, all funds acquired during the sale that exceed the outstanding contract balance and any liens on the house go to the contract buyer (vendee?)

I’ve purchased land that I plan to build duplexes on.

However, that doesn’t mean they aren’t for sale.Buying houses off-market happens more often than you might think.

105k to purchase and now about 22k to rehab with an ARV of 140k.