Interested in Princeton, NJ & Wilmington DE area - Investing Goal: Buy low townhouse/small single house that yields small buffer from rental income post loan/opex (hopefully).Pros/colleagues in NJ/DE area - please help me get started with guidance on establishing connections and really help me define roadmap - 1. should I find an real estate agent who deals with foreclosure/short sell. 2. is foreclosure/short sale really the right first investment for a completely clueless person to start3. what should be first step to start getting hands dirty and not just read books/ blogs - kind of action oriented learning.Hope to hear and get some awesomeness trickle through..Ashish

@Joe Schmoe (nom de plume I'll bet) I agree with @Steve Bracero GC or two

In addition, all the comps used on this appraisal were in the middle of nice cul de sacs when this house sat on a busy street close to commercial, and the appraiser did not not adjust down enough for that.  

Same tenant has lived there this whole time so it's been a good little earner.A few months later I took a course with Dolf de Roos, this was when I was living back in Australia, and started learning about the world of rehabbing, flipping and wholesaling.

I served 5 years in the Marine Corps, once I got out I moved to Delaware and completed 2 Master degrees in Financial Management and International Business Manager.

I suspect these may be junior liens or HOA's Or they are just so artificially low as to crate a bidding frenzy..which is kind of soup de jour these days.. start asking price so far below market you get 50 bidders and sale price goes for higher than market once everyone is in a frenzy

The wholesaler doesn't perform after the end buyer falls through and the seller gets nothing ( I know a couple hundred bucks EM from wholesaler for months lost .. whoop -de-doo ).

@Mark De Los ReyesGlad to have you around!

This is the world of Delaware Statutory Trusts.

I live in Newark Delaware, currently I am not working.