At best it is a business you actively work and at worst it is gambling.

Up until that time, it can be a series of gambles or an expense depending on the demand for housing and your screening criteria.

I've been thinking about contacting an attorney on this, but it's a gamble.

{Saying that, I'm sure there is someone who may have created a convoluted structure with an offshore holding company that may avoid {evade} one of the two taxes ... for now.

. :( Each is a gamble..

So you rush to get all that info to them and then hear nothing but a long silence afterwards.Also, we have had many problems with the banks' title agencies who more often than not are in a completely different state and the contact person was off shore could barely speak english and hadn't a clue how to close.Unless the price is "bank approved" I wouldn't low ball it very much unless there are some serious major repairs necessary.

Being stuck with a house in a town that is dying because some factory has moved offshore?

It is always better to hire GC with insurance and pay a little more than take the gamble because you might have a pro tenant who might step on a nail in a piece of wood the GC laid down and the GC has no insurance guess who they will go after.

The article shows who they are and how they operate locally.Patrick,Here "was" my take on the situation earlier in the year when I heard hedge funds and private equities buying foreclosures.The hedge funds and private equities are gambling with OPM.

With your house paid off , you can sleep well at night , I dont gamble with my primary , if everything goes south , I still have a roof for the family .