Also with only 3 units, you might want to check with a local lender, in the future it might be difficult for the buyers to procure financing to take out the seller held note.

You would have no way of knowing this loan was being procured to pay the taxes until it is too late.

I'd really like to buy multiple homes on the same block so that I could control the neighborhood.What would be the most effective method for procuring these homes???

Especially when holding & procurement are factored in..

Procuring The Contract - I have researched multiple ways to "procure the contract" on the property; Double Closing, Assignments, and LLCs.

Virtually everyone I know uses debt to procure commercial real estate product.

Early principal payment has different utility based on the type of loan you procure.

The reserve is set by Auction.com and if you agree to it, then the marketing fees to the seller is free, if not, then you need to make a deposit for the marketing and they will refund it if it procures a contract.

Xing ZhuThe laws are different in every state, but many states have procuring cause laws.

Affiant further certifies that she has read or caused to be read to her the full facts of this affidavit, and understands its contents. 6.Affiant hereby confirms that this loan is being procured for business purposes by a business entity and that she, as the borrower, and/or the representative of the borrower, is a sophisticated investor engaged in the business of real estate investment and has had sufficient time to shop for prices, interest rates and terms for this loan.