Eastern Worcester county is a tough market.

I've heard about some tough situations with liens and brankruptcy filings.Is there anything you do (or can do) to investigate bankruptcies before purchaing a lien?

I can be tough and I have 30+ units, but I believe in reason and diplomacy first.

The saying in this case would be "Buy a house that rents well even in tough times, appreciates well (beats inflation), is in good condition (and will probably be for a decade), the buyer accepts your contract that uses a loan as the funds (instead of giving it to a competitor who has cash), and for under market value (because they are distressed or very motivated) - choose four."

Get a new appraisal to prove fair value too.

I've done deals in 10 states, I have never seen RE tax stamps on any deed, that may be further west of my neighborhood.Some older folks believe the Abstract of Title is or contains a deed proving ownership, these were/are books, like 5" x 12/14" and usually a couple inches thick.

I chose to down down the "Passive" path originally because I was too busy at work to do anything on the side and almost 13 years later it's still proving to be the right path for me.My suggestion is to consider whether you want to be "Active" or "Passive" and then explore the paths that exist down whichever makes sense for you.And, to answer one of your questions, you do not need to be an Accredited Investor to participate in some syndications (some allow Accredited Investors only while other allow Accredited and Sophisticated Investors).On a final note, I would be happy to help you on the Passive side in terms of questions, etc.

Tough to make a living when you are making buggy whips and everyone is driving cars.OTH is know people with lots of property that just sits vacant decaying.

No I don't, considering I do not.Hope this clears up things and if you two have any more questions I would be happy to address them or if you like come down to CT and I can show you around - maybe introduce you to some satisfied people I have assisted out of a tough time in their life.

Bandit signs are tough to use because there are ordinances against them in many locations, but they can be very effective and inexpensive.You'll soon find the dirty little secret of this real estate investing business.