It looks like you have to be a big player to have some success on the MLS at the moment or by being fast & lucky!

After years of trial and error, I've identified the key traits that separate the weak from the elite, the A players from the rest of the pack.

The system enables an investor to invest outside of his/her local area with comfort that the investment will be protected.

I've bought two homes thus far and one was a bad deal - buy and hold, the other is my current residence that I managed to purchase at at great time which enabled me to have a substantial amount of equity.

Plus, these roads are bus routes, so there are bus stops very close by--which the tenants like  ...now, if I ever sell those properties, I will take a bit of a hit compared to my properties that are on the quietest streets...but, I'm a long term player, and I bought the properties at a discount, so that's fine to me.Another strategy I've used: buying a property that is on a quiet 25 mph street, but one or two houses away from a very busy street (40 mph, two lanes in each direction).

This unlocks your initial capital, enabling you to rehab the property effectively.

absolutely, because the inspection will give you leverage that may enable you get way more than that in repairs or in a seller credit. it will also make sure that you're going into the investment with open eyes.

.- Sean MaloneyErie You can get HELOCs on investment properties, but there are not many players in that market, and consequently, it's much more time consuming compared to a primary, and the rates will not be good.

This approach can either elevate the caliber of your investments for similar returns or enable you to diversify and manage multiple projects by building a solid team and network.

These bigger players are exempt for 30 years from operating within Newark's rent control law, because they're building new housing and are filing the proper paperwork (that's a state law not exclusive to Newark).