If a home owner has equity, you can bet you will pay a top dollar for the property unless the seller is uneducated.Joe Gore

Most sellers are getting educated on what Guru's teach to give the seller one dollar and tie up their property for 30 or 60 days.Joe Gore

If you don't want to pay a title company just go to the recorder's office and pull the deed.Joe Gore

Get a good insurance policy and be protected.Joe Gore

Joe Gore

I heard in Arizona that performing notes are running around 60% of the UPB.My 2cents,Joe Gore

What is this "Account Closed" Joe Gore was using that, now this post above, what's up Mods?

In California, the profit will be very slim but there is REO's out there if you have cash money.My experience,Joe Gore

If I went to get a judgement against this tenant for the balance of the lease (if I could even find them to serve court papers), the judge would tell me to go pound sand, absorb it as a business expense, go re-rent the apartment, move on with my life and quit bothering him with this "nonsense."

So how you categorize it in savings is less important than keeping tracking of it for tex write off and ensuring you have your total cash reserve number identified, and aggressively saving until that is what you have on hand.