The system here understands that we work very hard to obtain these properties and that putting it in somebody’s control is, their responsibility to take care of it.

hello my name is mike Iam a novice at real estate investing however I want to obtain this property but need funding to rehab and get the taxes paid up the story is as follows, I found a very run down property in my neighborhood the owner owns the property with no mortgage, however he is in jail and owes approximately 55,000 in back taxes the property has been abandon since 2007 and left to the elements the owner only wants 10,000 for the property after its sold and rehabbed, I have terrible credit and no money to put into this home only what the property is worth and at this point with it being so rundown I don't know what that would be, hehe's willing to quit claim it to me for nothing at this point, until its rehabilitated like i stated before but I only have till July 17 to pay the 2009 taxes that were sold or the whole deal goes away I have been wrecking my brain on how to get this done with nothing but my ambition however I've come short of creative ways to do this I want the property as an investment and wholesaling it doesn't seem to be viable because the taxes are so delinquent can someome please help me

Other concerns with these companies are that they take our information (listings) which are then used to obtain leads, and they then sell those leads back to us - or worse, they sell those leads to agents at other firms.

I’m working on eliminating some debt and obtaining a substantial amount of money to begin to invest.

I am currently studying to obtain my RE license and I also am a Home Stager.

I know that NJ is not the best market to invest in, but it's the only market I know :(I'm most concerned with obtaining the financing and down payment for that first property. 

However, it could cost you thousands of dollars for info that you can obtain here on BP and You Tube.

House appreciates to $500k in 10 years(so IO option only own 25% still, fixed rate likely own +10% more so 35%).Correct me if I'm wrong or if my math is way off, but these are your four options using just P&I no taxes & ins for simpler math.Pay 10 years of IO @ 9%($2,250/mo) + 20 years fixed rate at 9% on 300k, no refi($2,700/mo)Pay 10 years of IO @ 9%($2,250/mo)+ 30 years fixed rate at 5% on 375k(75%LTV), $25k cash aside if refi(2,000/mo)Pay 10 years of fixed rate conv at 9% on 300k(2,400/mo) + 30 years of fixed rate at 5% on 325k(65% LTV), $75k cash aside if refi($1,750mo)Pay 30 years of fixed rate conv at 9% on 300k($2,400/mo)Let's simplify this and just use 2 scenarios for a $100k property:  Scenario 1) you pay $100k all cash for a property and Scenario 2) you obtain a $75k loan with 30 year interest-only terms (no principal payment for 30 yrs).

Depending on how extensive the renovations are, in many cases the architect that draws the renovations plans and helps obtain the building permit is then allowed to supervise the works by signing a "declaration  as the responsible supervisor" and the city inspector comes at the end for a final sign off, allowing therefore for a faster construction timeline.

But you are allowed to winnow out applicants based on credit score, and it is imperative that you obtain a credit score and look at that.