Congrats on this outstanding deal.

Any florida investors out there that have delt with houses with outstanding sinkhole activity claims reported on the county appraisers website?

I have been investing with Memphis Invest / REI Nation for about 5 years and have had an outstanding experience.

A property has caught my eye....................it says opening bid 108K and debt outstanding 410K.

Can you breakdown your expenses and we can tell you if it looks correctAlso getting an investment loan at 4% is outstanding - you sure that is the rate your being charged

You would most likely purchase it at a discount (Less than the outstanding balance) So you are earning the interest rate of the note plus earning the discount also as the borrower pays back the face value of the note plus interest.

I buy his deals, so he makes money, and his deals make me outstanding ROI. 20k on two flips and 16% roi on a buy and hold so far.

You can tell her she has a set time to pay the outstanding amount, but chances are you won't ever see it. 

Whether the house was sold at auction to a third party, or maybe no one bid higher than the outstanding loan balance, someone, or some company, ended up owning the property and acquired title via Trustee Deed.Whoever ends up with the property at the auction sale must now start another legal action in order to get physical possession of the property.

Mike, IMHO there is no difference between the "forced savings" you mention and cash flow especially if you intend to buy another property with your "forced savings"Again, the point of my post is that I don't think the 50% rule applies in all situations and applying it strictly can lead to missing out on outstanding opportunities.I agree the 50%rule likely applies to older, less expensive, lower rent properties.