How should I go about making an offer to buy the note from Fannie on a non performing loan/pre-foreclosure?
Any tips, ideas, books, etc?
Thank you.

I buy AO lists from Melissa Data and of late have been wondering about the accuracy of theses lists. One parameter that I check off is that the house be "vacant". Many owners call saying that the property has never be...

Investment Info:

Large multi-family (5+ units) buy & hold investment in Norfolk.

Purchase price: $910,000

Cash invested: $5,074

13 unit multifamily property
Owner financed 6%, 30 year am

...

Hello everyone.....happy 4th of July!I've just come across an article regarding Redfin and a new service they are offering called Redfin NOW.  Its a service in where they buy a house directly from a homeowner at a dis...

Hello friends,I have had an offer accepted on a house and found it its a foreclosure that is being sold by a debt collection agency.   They will not offer title insurance.  If a full title search doesn't show any issu...

Hello:Newbie learning the rope here.  I am looking at an investment property for buy & hold.  Here are my numbers, can anyone comment on this. Whether it's a deal or no deal?Purchase Price:  190,000 (cash to close...

I’m a new member of BP living in Sacramento and looking for a first time investment in North Carolina (hopefully moving there soon). I’m currently an Air Force pilot and my wife does research for the State of Californ...

Hello everyone,I know there isn't a specific amount of time from when an offer is placed on a property to when the seller counters/accepts/rejects the offer. However, I did want to know how much time is too long after...

Savvy real estate investors often like to buy properties that have problems, which can help us snag a great deal.  However... not all problems are good. What are some examples of "problem properties" you would never w...

What types of homes does everyone typically try to avoid when buying and renting? Homes with only 2 beds? On a main road? No backyard? Are there layouts or other characteristics to avoid that you’ve seen don’t do well?