Aside from the low prices as you already mentioned, I started to discover a lot more appealing reasons to invest in Georgia versus California.

I tried working as a real-estate agent years back and discovered that I know I do not have what it takes to do that.

No matter what the reasons, private money is a necessary component in real estate investing, and serves a very valuable purpose to many of us.

., as far as where we are in the process: we have a contract in place to purchase a bank-owned property, closing is scheduled for the 24th; and we've contacted our local hard-money guys, some of whom we've met and spoken with before to discuss the process (they come to our REIA meetings), and a couple who we recently discovered but have not talked to before.

I agree with Steven.Most likely HUD placed a restriction on your deed that would prevent you from selling the property for a per-determined period, say 1 year.If you do not discover a deed restriction, I would move on with your life-just realize you won't be purchasing another HUD home to be owner occupied for quite a while.Best of luck.

He went in to a coma and was not discovered for several hours.

For this to be discovered, the IRS would have to know the prior condition of the property, the extent of rehab done and what contractor typically charge for these items in that market.

There certainly is a real estate investing component, but that is secondary.

and if EMD is put into escrow and this is discovered afterwards what are some ways of getting out?

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