Need Mentor in Oregon

[Dona Miller]

Help! I'm a newbie at investing, but not unaware of what it takes. I've taken webinars, attended workshops and read a multitude of books about Real Estate Investing. However, I live on $795 a month disability, and while I have a good eye for deals, no one seems to take me seriously. And, sadly, within the last 2 years, 4 properties which I saw as being potentially lucrative investments, did end up as profitable deals - for another investor.

Well, here I am. I've just found another diamond in the rough. It's coming up at a tax deed auction. I have performed what due diligence I can. Combing through the tax assessment files, finding the chain of ownership, determining what municipal liens might be attached and scouring Statutes relating to tax foreclosure laws in my state/county (did I mention that I am quite adept at research). It still looks like an excellent investment. One that could even be wholesaled or flipped without much effort; as the value lies in the land, rather than in the manufactured home which is located upon it.

But I need a mentor, a professional. I would need to get a hard money loan, a private loan, or POF to even contemplate attending the auction, I'm not sure whether I must submit the minimum bid if there is no competitive bidders, or whether - should I acquire the property if I would still need to file an action to quiet title in order to sell the property (even if the title report came back clean). I would even be willing to take a modest finder's fee on this property if someone were interested in investing in it and could walk me through the process. At its current minimum bid price, I can see someone easily making 80k (or more) off the property, with only 30-35k initial investment: the county requires only 20% down + fees, then carries 5 year contract, costs associated with municipal liens which are the only liens not released as a consequence of the tax foreclosure (state law), clean up costs for the property itself, costs related to the sale of the property including any action to quiet title, and costs associated with having to hold the property 3 months in case such action has to happen prior to selling said property.

If someone were willing to offer me 10k for both a finders fee and to acquire all of the research and documentation I've obtained thus far, saving a lot of work (especially as the sale is coming up within a few weeks). That much money would change my life, allow me to possibly attend one of those courses where "for an additional amount of money" they help set up your LLC and give you access to their stream of lenders, etc. Most of all, having a mentor I that can walk through the process with would be priceless. I already have the motivation, this would give me confidence. Also, I am not afraid of hard work; and, as stated above, am excellent at research... so, who knows? My mentor for this deal might just find their dream apprentice for future deals.

Are YOU willing to take a chance....

Sincerely,

Dona C Miller - Future RE Investor