If you say you are going to help someone in foreclosure you have to follow strict rules.

I don't know what foreclosures system you should use but I do know one rule you should live by if you want to make it in this business."

Apply the 70% rule of thumb.

Not because of shadyness or anything (very much rule of law here), just because property is so darn expensive.

Georgia also conducts tax deed sales, rules and times vary based on county Bidding Process All tax deed sales are by competitive bid State Specific Information Georgia is a good tax deed state but the auctions happen often and the foreclosure process in not easy http://www.tax-lien-certificates.com/tax_lien_certificates_georgia_ga.htmlhttp://www.nuwireinvestor.com/articles/georgia-tax-deeds-51021.aspx :beer:

Is there another, perhaps more accurate way of adjusting the 50% rule to reflect higher property taxes?

Review any pertinent rental terms/house rules or upcoming renewal with tenant at this time also.

Using the 50% rule, it looks like you are going to have a negative cash flow of about $80.00 per month.steve

I have my $30,000 rule with subject-to and lease options (I won't touch a deal unless I make 30k).

Then factor in the hard money loan costs, carrying costs, closing costs.......in addition to the 70 percent rule minus repairs.