Vikram,interesting post, I was wondering what techniques you use to make deals and aquire your REO's do you just make bids once they hit the MLS, or do you work with an REO banker.

There are other techniques, such as certain types of trusts that can protect assets, but I believe you give up a bit of control in exchange.

Just wondering

Question to all you investors:Please share your techniques for buying investment rehab properties out of state, sight unseen; sources of financing, hiring/finding contractors, property managers, and realtors.

Jason Hanson has a ton of articles and blog posts regarding these techniques right here on BP.

Btw, this also makes accounting more complicated, as you purchased the asset, but the business has racked up the expenses and income from it.The IRS will want to see that the business purchased the property from you at market value to take all deductions in the business.

I thought Craigslist and Backpage already but I'm going to need some high power techniques for this one please help...!!

You should engage a CPA at some point in the future, Your situation, while not at all uncommon gets complicated in the future when you sell the property as the "rental unit" does not enjoy the tax free nature of the "gain on sale of your personal residence".

Lets see if we can get some other comments, so I'll through something out.First off, a land contract is just a financing technique.

I need to get my feet wet with something stable before I jump into the more complicated world of rehabs.