They find properties they can buy below market prices by use of classified want ads, driving traffic to their website (both organically and PPC), "bandit" signs, billboards, paying referral fees to bird dogs, real estate agents, plumbers, etc, networking at real estate investment clubs, landlord clubs, or other real estate associations, contacting bankruptcy trustees, biding at foreclosure, tax and constable sales, looking for probate estate listings, driving neighborhoods looking for abandoned properties or run down properties, trolling county assessors property databases for "out of town" owners, etc.

The bankruptcy lawyer for the straw buyer asked to have my tax deed case dismissed because he claimed property was sold at bankruptcy hearing.

(sarcasm)This is why bankruptcies have a 90% failure rate finishing the plan.The owner can't take on even more payments than before.They will pay the mortgage and go tell you to suck wind so they can stay in the property.Maybe I am just missing the investment????????????

A friend of mine claimed chapter 7 bankruptcy about 6 months ago.

I believe in Detroit and wholeheartedly believe that it is a goldmine for investors (even despite recently filing for bankruptcy) willing to take risks.

The government did not bail out AA but let them file bankruptcy and reorganize their opporations under BK protection.

No recent bankruptcies or evictions.  

And they are set up with for bankruptcy protection if the company should go broke.  

The investors over leverage will file bankruptcy or go out of business.

No matter how much you make, if you spend everything you make you're always one paycheck away from bankruptcy.