Best Deal vs. Worst Deal

[Anthony Howell]

I thought it would be fun to hear some of your guys' best deals and worst deals. I'm just starting out so I am trying to learn as much as possible. In my research I have learned that a borrowers biggest motivator to continue paying is just because they want to stay in their house. It isn't because they think that paying their mortgage is the right thing to do or a pride in home ownership - they just want to stay where they are. I have also learned that when inspecting a deal it is important to look at the taxes. I don't want to buy a deal and suddenly get hit with a massive tax bill and the deal goes underwater.

[John Underwood]

One of my best deals is I bought a tax lien for 19k, 14 months later I received the deed to that house. He wanted to stay in his house. His sister found out what had happened and gave me a cashiers check for 75k one week after I owned the house.