They do inspections every 6 months, and make sure that the house isn't getting trashed, as well as notify you when the police make numerous visits to the property from excessive partying.

The decision is yours based on your appetite for risk!

Here's the deal.I called a law firm toask them if they could represent me in obtaining"excess proceeds" from the tax foreclosure sale, butthey told me that only the former owner is entitled tothose proceeds, is this correct?

Whether your plan is to obtain that profit in the form of; proceeds from a quick flip, cash flow from renting, option fee from assigning, excess of rent over PITI on a lease option, you have to know before signing anything with a seller which it's going to be!

Is there a way to make money off of buying directly from a builder who is trying to sell off excess inventory?

You missed a BUNCH of the expenses such as: legal expenses, evictions, damage done by tenants (in excess of deposit), advertising, lawsuits, office supplies, utilities during vacancies, capital expenses, etc, etc, etc.

.* They offer a special price or discount claiming they are in the area and will knock off a portion of the cost due to excess materials from other contracts.* You may be told you must act right away to get this special discount pricing, and you may be asked to give them money up front before starting the work.* They offer you a discount price if you allow them to use your home to advertise their work.

One investor I know who does flips has no interest unless he will clear in excess of $50K.

That means that for every DOLLAR that I've PAID, or LOST (either in interest, or excess of expense over income), I'm allowed to deduct TWENTY FIVE CENTS from my tax bill.In other words I'm buying quarters for a dollar apiece.

A: The lender has to pay the excess to the foreclosure trustee who then distributes it to the former owner if there are no other liens that have to be paid.Please clear my doubts.Thanks