In Georgia once a house is sold at the tax auction the owner has the option of regaining control of the property for up to 12 months before the title changes owners.This is done by repaying the debt to the buyer plus 20% interest.In order to protect my interest and prevent the owner from speaking with any other investors about the property I drew up a contract that basically said that my company represents him on all matters concerning this property, and that we would receive first right of refusal when it comes to purchasing the property.

I agree with Jon on this, I am not a big fan of condos and I actually represent some here in Costa Rica.

If your an investor and an agent, I don't see the problem as long as you are not representing the seller.

Though not a transfer of funds it does represent consideration in the form of equity.

We can set it up to where we fund a pot and the winner of the most points (through a point system we create) gets a spot in the next World Series of Poker.This would require enough interest and if it was accomplished, BP Nation would be represented and "branded" in the World Series in Vegas at the Rio.

My guess is that you will eventually be needing to evict this set of tenants; I doubt their problematic behavior will just go away unless they go away first.You should find yourself a good eviction attorney to represent you and give you guidance on how to proceed.

I'm going to assume a $5000 down payment since: N = 120 I = 12.75 PMT = $236.54 PV = $16,000 $11,500 represents over a 20% discount off the UPB, and of course a 20%+ yield.

Tim, if you criticize the "media" please, be inform and don't take your information only from the media you like or the one that represent your views.

Never forget that this forum has received national media attention and we represent ourselves poorly to new investors, non-investor observers and international investors when family dirt is drug into the office here.

Yes, it's a very viable tax-reduction strategy, though there are some changes coming in 2011...As my CPA relayed to me a couple weeks ago:"Late last month, the House of Representatives passed the American Jobs and Tax Loopholes Closing Act of 2010.