What Zillow actually paid for a home is way less than what the public records show and we all need to recognize this fact. 

I think I can share some information that will help here.Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

There's always exceptions to these rules but here's some important things to consider:Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

The rule for recognizing gain to the extent of depreciation claimed applies even if the property is no longer used for rental or business purposes at the time of sale.

When your bid is recognized as the low bid on the Results Page, you are obligated to pay for the certificate even if the bid was unintentional.Doesn't say what happens if multiple parties bid to 0%, so I assume it's the first party to bid the lowest. 

Some lenders will only recognize lease income if the borrower has a two year history of being a landlord, as shown on their tax returns. 

We will share that we have kept some tenants at under-market rates in the short run recognizing that we would raise their rates to market, over years, and that we´d eventually be made whole.

In any case, a well rounded tax deed business is not just about the Tax Deed process but its about the whole Real Estate cycle  of recognizing value in a property, buying it, making improvements and selling it. 

Hi @John Ibbits, and congrats on recognizing the value of real estate as a wealth generation engine. 

I'm interested in getting in the game now and then a house flipper contacted me and everything he was pitching to me to recognized from the book.