The deals have to be out there... but the problem I've run into is that the rents are very low in my area.That being the case, is it a bad idea to look at foreclosures as a way to increase my margins, thus accommodating for the low rents?

That way, I have a record of police reports that attest to the bad tenant's behavior, not to mention that the noisy tenant will be going to court.If the noisy tenant is convicted, you would have a better basis for eviction of the noisy tenant.

It is bad form on the internet and is considered shouting (rude).

First off I am thinking this is a bad deal for you.If he is being foreclosed on, on another home then why would you want him to essentially assume your mortgage, apparently he has a hard time making payments.And the whole bit about him making the repairs sounds good but it is only as good as his word.

Smithestate, I hear a lot of people state that lease purchases are great for the investor but bad for the purchaser because they generally still can't qualify for the house when it comes time to buy...

I live in North Jersey, Bergen County and am looking for some places where I could buy property that'll cash flow.I wanted to get people's opinions on Jersey City; where do you think the city is heading, the good/bad areas in the city and any other opinions you have on JC.

If you leave her with an unsigned contract, she'll shop that bad boy around town so fast and every other shark will have a copy of your contract.

From a RE investors point of view, paying $240K for a house that's worth $260K and that needs work is a very bad deal.

That's not *that* bad compared to some of the ugly stuff that's going on, so why wouldn't they expect to get the full amount back, even if it means having to pay up after the house is gone and sold?

Students are similar to low-income renters in many of the bad ways.