With an auction it will be advertised(pretty much) that its vacant and the copper pipes are free for the taking.They don't want to heat it for the winter, prepare it for sale, deal with inspection.

It goes over everything you need for your exam as well as give you lots of example test questions to prepare you.

If you want to learn more about creative financing, I highly recommend you seek out Peter Fortunato.

However, you can prepare to have the work done before you close.For instance, if you're going to be doing the work/repairs yourself, take any measurements you need and buy any supplies you'll need beforehand so that you're ready to get to work as soon as you close.

With this strategy, you can finance as much as you can put downpayments on, although they might want 25-30% down for non-recourse.I think we are getting more into the subject of business formation and corporate structuring than creative real estate financing.

(I know - dumb move - but he didn't have it prepared until closing and I trusted him).

You will only be taxed on the profit provided your return is prepared correctly.

•The property has no mortgage, free and clear•Outstanding taxes paid by other tax lien investors total about 12K My thought was to be creative with the deal.

I know this seems like a convoluted question, I'm just trying to be creative as that is all that seems to work these days!

Another thought on this thread would be to prepare a comp workup of other similar properties in the neighborhood and show them how many days they averaged on the market for a standard sale.This way you can help the family decide if they are willing to wait to get a market offer or if they really need to liquidate the property to sell in less time.Additionally, I agree with the other comments, one quick sale below market will not create a market.