I have formulated one, but would like to get one that is tried and true by an experienced investor, not a Realtor form.- Am going to a REI club meeting on Friday - will probably meet people who can advise me.

first off, im not rich...im scraping by actually...i own some rental property and rent out 5 units currently...i also bought and sold 2 multi's a few years ago...i have experience in this market and renting to section 8 tenants...im looking to make another purchase of a 3 unit for CASH FLOW purposes...one property im looking at tomorrow (we'll see how much work/$$ it needs) can be bought for $200K...i can rent out each unit for $1350 and would cash flow about $2000 per month...is this too good to be true?...

True hard money lenders believe in good deals and if you are able to find one, then they are ready to fund you.

On top of that, it's a really bad business practice for the private lender.Assuming you follow the rules (a 'true' 1003, full disclosure, etc.) your options with a GSE-based loan are limited.

seems too good to be true. would love to try to make a deal happen!

I have no idea if this is true and know nothing about the difficulty/steps involved in doing this.

At least in Georgia there is a healthy market for tax deeds on the courthouse steps (in essence the same thing as a foreclosed lien), and I imagine the same is true in Maryland, such that the risk of a third-party buying the property is also material.

I would argue that there are not any luxury condos in Vegas for that price or even close to that price.In regard to the asking prices being listed much higher than the sold prices I have found this to be true not only in high rises but throughout the valley on condos, town homes, sfr, etc.

The sad thing is many believe that the 'assessed value' is the true market value.

But the opposite is true.