Unless she pays you about $20K to take it off her hands.

Another thing you might consider is to find a local real estate group to join and learn first hand from those actively involved in deals.

As an example, if your offer is accepted at 11am Tuesday morning (which is a typical time to get the email), the contract and EMD will need to be in HUD's hands by 5pm on Thursday (two days later by close of business time).If the HUD office is local, you can drop the stuff off in person at 4:59pm if you want.

So, you hand over the contract and tell them what's going on and they start the process.

Yeah, little know, but Obama hand selected every single federal employee the first week he took office.

My advice to someone just starting out is to find someone to work with that is already in that business and learn everything you can in a hands on environment.

On the one hand, that's a huge chunk of money, that they won't even get interest on.

So I've bought FSBO properties before and handed it over to the attorney to complete the paperwork and close the transaction.

Both buildings need roofs.One building needs siding & Windows.All units full, but tenants are not great - handful of them have past evictions, most have pets.

I know that a collector won't take a case without a court order so, if you're doing that anyway, you might be able to hand it over to one.