Once you land lets connect and see if I can help you with some local leads.

Although it is possible that the (former) owner didn't know about the foreclosure, the odds are pretty steep that he is lying to you.While most of us investors might continue to hope and wish that "notice of foreclosure" means the date of the lis pendens or "notice of default", the feds and state case law have gone on to define it, for the purposes of this law, as:"The date of a “notice of foreclosure” is defined as the date on which complete title to a property is transferred to a successor entity or a person as a result of a court order or pursuant to provisions in a mortgage, deed of trust, or security deed."

It's a numbers game Keep your motovated seller leads coming in consistantly.

The JV will be in a new special purpose entity anyway.

These transactions are sometimes referred to as "parking arrangements" and may also be structured in ways which are outside the safe harbor.Proper Purpose - Both the relinquished property and replacement property must be held for productive use in a trade or business or for investment.

My .02$As a experienced wholesaler, Im not sure your concerns are necessary.To ThomasThere are other expenses like marketing,buying leads, my phone, paper, ink, internet service, etc. etc. but all these things are just tallied up as cost of doing business.I use the same formula as above but sometimes I use .65 depending on the motivation level of the seller.Taxes are pro rated at closing, I dont buy any insurance (why would you?)

They will serve a purpose for you one day again in the future, perhaps, but the experience you will be getting by self-managing should give you a lot of insight on how to hire and manage a PM to your satisfaction.

Failure on his part to do this leads me to believe that you giving notice on December 8, 2013, was acceptable, because the way it is written, you could give notice on any day in the last month and be adhering to his lease!

You just have to dig for them; or better yet, have someone else dig for them for you.Here's some information that may help you if you plan on looking at REOs (foreclosed properties).First of all, I have never seen, in any of the states I am licensed to work in, any REOs where the bank gave anyone a disclosure of any sort beyond the federally required Lead Based Paint Disclosure for properties built prior to 1978.

Hello David hereI would like to ask a question on owner financed notes.I am thinking of getting into the purchase of Owner financed notes with the property being the collateral..Where is a good place to find leads on notes of this kind as well as other annuities if you have information let me know