Originally posted by @Wayne Brooks:Agreed, please don’t be tying up people’s houses facing foreclosure if you can’t actually buy....then when you can’t find a buyer they no longer have time to find a real buyer.this is why on the west coast they passed laws in how you can deal with people in foreclosure.. of course like many things real estate does not stop the bad actors.. but there laws on the books to prevent those that have no ability to close from abusing homeowners in distress

It was a significantly distressed property, as almost all of the interior framing was damaged from termites, in addition to a number of foundation issues in the rear of the house. 

well, I have some luck to get deals from MLS recently. got a 4 PLEX 60k UNDER THE MARKET VALUE.Here is the catch. it usually is distress and you need the full cash offer with no inspection to fight for the deals on mls nowadays. 

These days 5% would be closer to the norm for a non-distressed property. 

Just buy a distressed off market property and go from there it’s not rocket science .

how much time effort marketing money are you going to put into trying to find a seller that is going to lease option a house to you knowing your not moving in.. and why would a new lessor pay you a premium.. the only way this works is distressed assets.. or something like that.. the market were its at in the sub 150k range houses are just sold for cash.. no need to lease them unless your in the rental business.. 

A lot of the distressed properties that investors like are run through automated systems, which really takes the buyer's agent's ability to negotiate out of the process. 

They make sense from a tax per unit prospective, but I cannot justify paying over $60K per unit (mostly 2 bed 1 bath) for a multi-family that is distressed and still has radiator heating each unit.

You're obviously not getting the same returns as you would if you had bought the property in a distressed condition, fixed it yourself, and got it tenant occupied all on your own.

Make that your mission until you have regular deal flow.So creative ideas for today could be driving neighborhoods for distressed properties, putting together a direct mailing, and and of the other dozens of marketing strategies!