Luckily all mortgages deeds and tax liens are online in my county for pennies a minute to access so I have a rough idea.Purchased for 46,000 in 1983 (41,000 mortgage).

The lender will eventually list the property with an agent and sell it on the open market.There are opportunities to acquire properties in all three phases.

In addition, I called the woman at my local title company with whom I've worked on several deals recently closed and flat out asked her if I could have access to their database to run my own comps (assuring her that when I find my next deal I will certainly bring it to her for escrow & title).

That is it, I am done.Total charge for the entire 771 cards was $528.91 This does not include the cost of the access to the information for the list.Hope that helps!

You can use IRA/401k funds, yours or others) as well as form partnership LLC's with other parties to acquire investments.

In all likelihood, I would stay in the home and not flip it.Is borrowing $20,000 secured by a 2nd mortgage, and then refinancing in 12 to 24 months to take the 1st and 2nd mortgages out... a realistic approach to acquiring this property?

You want hard money, to acquire buy and holds for rentals.

Sorry, my mom is a Shakespeare buff and she would be proud :lol: So I was just about to go to the County Courthouse to file for an Assumed Name(DBA) but now I'm considering starting an LLC for multiple reasons and I'm curious as to what your opinions are.A little about me:I have not yet done a dealI have been studying for some time and I'm ready to get startedI have every intention of doing this full-time but I will not quit my day job until it's a realistic possibility(1-3 years)My only assets are my house which is homesteaded and a car with 100,000 miles and serious hail damage so I'm not concerned with asset protection at this pointI am interested in wholesaling/rehabbing(rentals in the near future)I have $10K-$20K startup capital I will be using Hard Money for my first several rehabsI have excellent credit (771)I am now thinking about starting an LLC in Texas(one-time $300 filing fee)for my rehabs because I want to build up business credit and season my company so I figure I might as well start now.Once I acquire rentals I will definitely setup an LLC but that is not an issue yet.Given the information, should I form an LLC or just do my first few deals as a sole proprietor and then get my LLC?

You have to have MLS access.

This is relatively low compared to other islands with a similar level of development where properties can sell for $500 - $750 per square foot.The good news for investors and absentee owners is that the rental income here is relatively high compared to the purchase costs of the property, especially for properties with great views and/or easy access to the beach, which can generate anywhere between US $2500 and US$6000 per month ( depending on the size of the property).