I've done lots of purchasing and not so much on the sales side.

I recently closed on a home in the end of July. We've had heavy rains the last month and I've had standing water in one part of my basement. Its older, with stone sides. Unfortunately it's the side with the furnace an...

@Malekarshan Sadri The county clerk's office will have the posting for the homes that have had paperwork filed for a foreclosure sale/auction.

I have not seen anything that comes close to the 2% rule when comparing recent sales of different areas to lease prices of similar properties in the same areas. 

Also I don't think I can do an LLC because of the due on sale clause (all of my investments are leveraged- 30 year residential)? 

Hi @Joe Scheffold, you mentioned in the headline that this is a short sale but I don't see that referenced in your body.

Of course it could be worthwhile to agree to a sale for a 10-15% premium....too much more than that and it may be more cost effective to force a sale, but if you don't get greedy you could come out ahead without dealing with too much of the other headaches.

I looked for properties that were for sale in these areas and then looked at properties being rent in the same neighbourhood (or 1 mile of the same neighbourhood if there wasn’t any property available to rent in the same neighbourhood).

Hello again BP membersI have recently discovered how to pick up not so bad REO SFR’s to flip and rent out (or flip and sale .. not my thing though) with basically using the brrrr methodMy question is more of which is better scenario to be inif to pay down my primary residence and then have (easy numbers) 100k available in HELOC moneyOr have 100k cash money laying thereAnd then after having such funds available (easy theoretical numbers)Go out and Find a REO SFR for 50k Needs 25k in repairsAppraises and ARV comes back at 100kAnd will rent out for 1400-1200 a monthCash out finance 75k (75% LTV)Pay back your self or helocAnd repeat process overNow my immediate goal is to reach 15k PASSIVE income but i want opinions on how to get there faster and with this idea i have seen a few examples of in older threads but not alotThanks in advance!

@Kevin Porter If you're considering selling your rentals, let me know where they are and what you're thinking for sales price.