Other investors can bid up properties just to make sure you don't come back...they can turn great deals into money losers just to insure their interest as the only ones who get the good deals at auctions.A redemption period gives the previous homeowner a chance to redeem the property after they have been foreclosed...there are typically redemption periods with IRS seizures...judicial foreclosures...and, as the new owner, you do not have posessory right during the redemption period...but this is where it gets a little complicated...the tax stuff is extremely complicated and confusing..most investors won't concentrate too much on it...which some might argue leaves it open for some money to be made if you have the right resources and know the ins/outs of all the rules and laws.

It does and can happen, they lender will demand full payment or else start the foreclosure process, then it's time to either satisfy the loan of sell it before the foreclosure happens. you pay the mortgage directly, don't leave it up to the seller.

HOWEVER, your loss can occur when they vacate depending on the condition they leave the apt in.

We decided this was OK for the first 2 ventures but then we started counting my efforts as a cost, still leaving that $ in the cash pool.

In 2008, I decided to leave the house for my parents and buy a new house.

Hey Big E,When leaving room for the end buyer to make money, is 60 % - 70% of ARV ok.Earl

Normally, you leave these in place, and both outlets are powered by the same supply.

Fully rented that would leave me $2000 in profits.Is this to good to be true?

Leave your wallet home and you should be ok.Check this out:http://www.biggerpockets.com/renewsblog/2008/06/30/getting-the-most-from-your-real-estate-club/ :cool:

That leaves inflating their way out of the mess.