Foreclosures Auctions are a great way to buy and create cash flow and equity, but as you know you need the cash to buy and pay settlement cost.Be prepared when considering purchases at the court house steps, do your home work first:Years ago I would go to the court house (before computers and the internet came into my life) to look at the foreclosures filings.

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

The lawsuits hit a weak point in the industry, made realtors look ill prepared.

But for now, I know I just need to prepare myself to hustle.  

They didn’t go as strict as they threatened, at least not yet…https://www.atlantaga.gov/government/departments/city-planni...2 properties maximum and the first one must be  your primary home… so be prepared to move there and pay state income taxes  https://www.atlantaga.gov/home/showpublisheddocument/54610/6...you and your landlord will have to get this form notarized.Please just make sure you have a plan to keep making rent payments after your short term rental plans are banned.  

This deal turned out to be a little more than everyone involved was prepared for but in the end the buyer got a great price on the 18 units.  

I wanted to make sure I’m fully prepared before doing anything

The process is slow so be prepared for that but the payoff should be the tenant sticks around a little longer.

i dont consider not being able to find an attorney a red flag, is just that they're not insured to do these kind of transactions i found out. i'm sure that other investors are doing subject to deals in north carolina and they're probably using an attorney, or this can also be done by you without an attorney, just need an attorney to prepare the deed. as far as the seller is concern, they have three choices when facing foreclosure, they can catch up their payments on their own, get help from an investor to make up the back payments and take over the loan and make the monthly payments until they're able to cash out and pay off the loan, and third,just go through the foreclosure and completely ruin their credit and i mean very bad credit. 

Hi All,I'm a real estate newbie (for now), but thinking of interviewing  various property managers in investment markets of interest to start building the teams in preparation for that first deal..I'm sure there is a list of property management interview questions posted somewhere on here, so my question is about your interview experiences.What are some things that came up in interviews that my not be typically discussed in a regular interview script.What interview answers were red flags that you wish you had caught or noticed before signing an PM agreement?