The rule of thumb is that to make a profit, you must buy a property at 70% of ARV, less the costs of repairs.

If your fellow NRU people could act in accordance with our site's rules, they'd be more than welcome to post here and participate.

Depending on the applicable state antidefiecency statue and court decisions interpreting the statue, the protection afforded by the anti deficiency statue may or may not be extended to apply to a guarantor if a lender elects to foreclosure and brings a suit against a guarantor for a deficiency judgment.One – Action States Some states such as California have also enacted†one action†statues or rules, that a lender to one lender to one lawsuit to collect its debt and enforce its security interest.

The best relationship I ever had with an agent (bought 6 houses from her in 14 months) often referred to me, as did her broker/owner as; "low-ball Adams".As long as you can justify the offer price; "here's comps, here's my expected repair cost" she won't be insulted.

Know-It-All, but it's been 15 years since I bought an REO and I'm pretty sure the ground rules have changed a bit.I'm looking at a couple of SFHs in my area, $150K range, ARVs in the low $200K.

If you say you are going to help someone in foreclosure you have to follow strict rules.

I don't know what foreclosures system you should use but I do know one rule you should live by if you want to make it in this business."

Apply the 70% rule of thumb.

Not because of shadyness or anything (very much rule of law here), just because property is so darn expensive.

Georgia also conducts tax deed sales, rules and times vary based on county Bidding Process All tax deed sales are by competitive bid State Specific Information Georgia is a good tax deed state but the auctions happen often and the foreclosure process in not easy http://www.tax-lien-certificates.com/tax_lien_certificates_georgia_ga.htmlhttp://www.nuwireinvestor.com/articles/georgia-tax-deeds-51021.aspx :beer: