Outstanding, congrats!

To Pay off Student LoansStill owe $176,000 in Student Loans deferred / Outstanding and CLIMBING . .

Here in Wisconsin, Section 8 qualifications are quite stingy and require people receiving benefits to be people without criminal records or outstanding evictions.

The owner has no outstanding mortgage and taxes are paid.

Some of my properties have probably gained market value in the last few years since I bought but I don't want to make that assumption in this analysis until I have a new appraisal.Taxes have NOT been taken into account, but I think you all know that real estate beats the stock market hands down in this category.My biggest takeaway is that you need appreciation to achieve outstanding returns in real estate. 

They monitor transfers and will appeal the taxes if they suspect some thing; it is only paperwork to start the process.As well there are certain risks / issues you should be aware of;- As noted above, you have to take on the sellers original purchase cost which limits future depreciation- If there are / might be any outstanding liens, they will be yours to deal with- The tri-annual re-appraisal, is being done this year.

get the heloc on your present home in place  first   so you have it to use  as needed ..the payment from the HELOC  wont  be  included in  dti ratios  unless there is a balance outstanding ……..also  get yourself  pre approved for the  financing for the purchase of the next property  using the  hypothetical  purchase price / loan amt  you want to target and  also with using the  potential HELOC  payment in the mix  to make sure  all is OK for  approval

Ken - OUTSTANDING JOB!  

@Lorry Champagne When you apply to the tax collector to send a property to a Tax Deed auction....if your certificate was say $1000 and you had to pay an additional $5000 to redeem the other outstanding certificates and tax collector fees, then the minimum bid at the Tax Deed auction would be $6000, the money you already have out of pocket.If someone else bids that $6000 minimum, then you get repaid.If no one else bids the $6000 minimum, then you get the property/Tax Deed......that sounds good at first, but realize that means you just paid more for the property than anyone else was willing to pay.BTW,I agree with Ned, all these training/buyer clubs for tax liens are useless.....most of them are selling you junk liens that no one else wanted, or a lien that someone bought then realized it was a mistake.

Sellers must deliver their property free of encumbrances, including any outstanding loan balances, to qualified buyers.