Possibly become licensed, it's a pretty cheap way to get in the game and then you can make some side money and be an asset to local investors.5.

With the struck off properties being a two time non bid on redeemable deed the table is open to a price offered.  

I highly recommend starting with the beginner's guide and the podcasts but that's what got me into the real estate game, so I am a bit biased.

hey all,happened upon a very low-cost property that the owners have free and clear. they've been living in one side w their mother in the other unit for twenty some odd years now and are moving to a new house. they tried listing it for 40k originally, not even a single walk through. 30k, nearly the same thing. finally got someone interested in it for 28 but then pulled the deal (the listing agent did) because the buyer seemed shady. back on market now and i've been using the listing agent to look at duplex opportunities the last few weeks so he pitched it to me.checked it out, needs minimal repair (considering the price point it's at) and can pull 550-700 depending on what updates i choose to perform.the best part of it all is that she may be willing to do owner financing as there is currently only one offer on the table and it's 8k less than what she's wanting. all that to say: what are typical terms here?

first of all - congrats that you are actively looking and ready to pull the trigger on your first RE investment.I didnt see what the end game is?

If he brought the house to your attention, then maybe it makes sense to pass.But if it was a house that you had been watching its fair game and you need to go after it.

He got out of the military and we tried to sell it and financially we couldn't, we'd have to bring too much cash to the table.

Hey Dave, yep very lucky, especially since we bring different skills to the table...We can't to get  the deals done.

The fact that the property is being flipped frequently gets caught late in the game by the lender (frequently in a quality control audit just before going to documents) which can burn a lot of you valuable time available under your purchase contract. 

Hello all, I have a SFR that i have about 50k equity in, I have a 15year note, payments are 995 and it rents for 1250 a month, Im thinking about selling next summer, my question is should I sell this property and invest the funds into a 4 plex or multi-family units or should i jump into the buy and flip game?