In either case there most likely would be a public record showing the transaction and parties involved. 

It probably ranges from $100 per square foot to $300 per square foot.

Now I want to actively get involved and hopefully meet others in the Reno / Sparks / Tahoe area that have found success in this hot market.I am originally from Southern California and went to school at the University of Nevada.

There have been quite a few mortgage related frauds that have caused the legislation to get involved... and for good reason.

I'm a little unclear on the actual process of having the interest in these notes assigned.I know it involves an basic assignment of note, having the named-insured on the insurance policy changed, and notifying the borrower of the change.

He says, on average, his expenses over the years have looked like this:Buying costs are generally 1.5% of the selling price Holding costs (utilities, taxes, etc) are usually 1.5% of the selling priceSelling costs are generally 6.5% of the eventual selling price, after repairsHe projects the months required for rehab work (holding time) with the following formula: Rehab cost per square foot, divided by 10 + 2.5 months to market & sell Do you guys think these numbers are accurate?

Also, I live in california and it would take massive capital to get involved with my own house here as a first investment.

:help: Thanks everyone for your involvement, and to all of our newbies, WELCOME!

Get involved and start to engage in the conversation happening here.

It feels great so far to be involved with this, making the jump.