So I'm in a situation where I recently just talk to a property owner i'm in Columbus Ohio and the property is about three beds one bath has potential for spare room downstairs but the real question is she told me she owes 12,000 in property taxes she inherited property from her dad he paid cash on the property, he recently just passed away and she called me about selling and she let me know that she owes taxes she's looking to get 40 K out the property I was doing some of my research and I was noticing the properties are selling for about 50-80k then I went to the Franklin County clerks of courts and it says that she has a pending case open with a pre-foreclosure so I'm wondering will I still be able to wholesale the property and if anybody knows some general prices of remodeling a kitchen for a house in that price range, also remodeling bathrooms change indoors and refinishing floors house is about 925sqft because I'm still trying to figure out the estimated repair cost to make an offer ?

20 years ago, the thing that all of "they" said, was that "they" said you get a great deal by buying a foreclosure.

If there is one thing that I learned about RE is that you don't EVER want a balloon payment which is very common with commercial loans.....In bad times, if your property dropped in value, and you can't refinance it, you are heading right to foreclosure......

Hi BP, I'm looking at buying a foreclosure in my area that I toured and looks great. 

Assessed Value: $369,851 Percent Improvement: 81.09% Land Value: $69,930 Tax Amount: $4,119.46 Improvement Value: $299,921 Tax Account ID: Homeowner Exemption: H Tax Rate Area: 1-002 Tax Status: Current Tax Year: 2016   Foreclosure Record Recording Date: 01/30/2017 Document #: 2016-264310BK-PG -  Min.

Fortune Foreclosures LLC helps you learn the business side of real estate and house flipping.

I bought for $34K/door and sold for $39K/door, but not without dumping a ton of money into it to increase the value and attempt to cash flow.Single families are also a lot more expensive than they used to be when foreclosures were prevalent, but there's still more margin there in my opinion than in MF.  

I post in short sales and foreclosures too.  

given your "interest" idea, the Octagon House is in Foreclosure, that one would be interesting to say the least. 

I am already asking for 1. 20% down payment to cover selling expenses, tax and potential foreclosure if we ever get there2.