I was shocked in the first place since I hadn't even had any luck with credit cards!

Properties here may be sold with back taxes but not often from my understanding with a couple investors that is where the due diligence before the auction comes in, the representative from the attorney's office stated within that 24hr window they make sure the homeowner doesn't file bankruptcy or any issues with the title don't occur upon transfer.Also shocking enough, this company buys at the auction maybe 3 times out the month but they are always pulling in multiple properties at a time.Knowing how this company does their deals, they ask for a walk through of the property.

well we don't have to have 12 guides, :shock: I am just shooting out ideas.

I've been working some deals in Capitol Heights and Seat pleasant that are bank owned and between the agents and banks i don't know if they're just plain stupid or have no idea waht the comps are.............with that being said, personally i wouldn't deal with that agent. find one that' investor friendly and will submit the offers for you. that agent has ZERO say so over your offer. if a contract is submitted she must by law, present it to the bank. it's up to them whether they accept it or not.nowadays i don't even deal with REO. i like dealing directly with homeowners as banks are too unrealistic. with their price expectations. if you need recommendations for agents in that area pm me.

Wow looks I there are alot of things I do not know and need to learn :shock:

The 50% rule is good, and the nice thing is, if you do a great job of managing the property, and come in under 50%, you'll be pleasantly surprised at the end of the year.

With the shocking shortage of homes on the market, anybody who is smart enough to get their home on MLS right now will get top dollar. 

I earned my MBA through blood, sweat and tears right before the Lehman shock and my take is that it all depends on the recruiting upon exit.

On the BP podcast many of the investors interviewed say Rich Dad Poor Dad turned them on to the idea of investing .I think he says a lot of extreme things though for shock value too . 

I'm shocked and thankful no one was killed.