Awesome. I'm looking to invest my ill-gotten gains into some RE flipping. May I ask, where are you finding these $1000 houses? I was thinking my strategy would be to find folks that are about lose their homes back to the bank, pay their arrearage, give them maybe $5k cash to move and to sign the deed over to me and just keep making their mortgage payments. I'd love to hear how you're doing it, thanks!
Not trying to be a dick but thats the worst plan ever , you never want to buy an inhabited house or pay back taxes for current owners, you'll play hell getting them out & when they do leave its in a U Haul full of the plumbing , furnace & anything else not nailed down , then tear up the lawn with the truck .
Allways buy foreclosed homes that have been vacant atleast 90 days so the ex owner looses interest in getting even .
Best place to start looking is HUD's official website , not one of those pay for a list sites but the real hud site , enter the zip code & bid on any home you want , you can submitt bids lower than starting bid & know in 24 hours if you won the house , if you dont want to fuk around makin appointments with realtors do like i did , get a good set of bump keys & you can open any door lock made to check the houses out .
A realtor friend of mine turned me on to bump keys , they all use em .