Once the deals in a market pass this initial test, I go ahead and join a few Facebook Groups for real estate investors in that market.

Couple of things to take to consideration when trying to save a inheritance house from foreclosure.Check the legal status of the house.

I want a good feed of interesting news articles every day that I could retweet about or post about on my facebook page.

While I do see the power of Facebook in promoting some personal and business services, as well as promotional power for consumer brands, I am not sure we should all abandon our other advertising and marketing media.

To me, it seems like a lot of families use living in Brookside as a social status which may help drive the price up

I believe the status of the building can change if it passes the whole check list to become warrantable although I may be incorrect about that, which would concern me about retail value.

I recently found a REO property for bid, which says "REO Occupied - the seller does not represent or guarantee occupancy status.

However, we find that most investors aren't familiar enough with the IRS regulations to keep themselves out of trouble.One of the benefits of owning property directly in the IRA is we can help keep you within the guidelines in order to protect the tax advantaged status of your account.Once someone invests their IRA into an LLC we no longer know what happens within the LLC.

My view is yes, ordinary income just like wholesaling.Here's a decent over view of real estate taxation, which doesn't mention wholesaling or wholesaling LOs unfortunately.REI taxation and dealer statusAnother article discussing wholesaling:wholesaling tax implicationsAnother read:avoiding dealer status

Go to HudHomeStore.com, select your state and county, also use the "Buyer Type" as Investor, and status "Accepting Bids".There is one property in Crystal Lake that may be of interest to you.You need a Real Estate Agent to put in the bid for you to this site.I would start out with 65% of the list price and inch your way up every week but keep submitting the bid everyday (if you want this property).Of course you need to go see it and possibly get it appraised and inspected.$1000 Earnest money within 48 hours as well (if they accept your bid)