I find it hard to see where using the 70% on a house win this price range could still result in a loss.Especially in a market where its hard to find a deal would 80% be more approbate.

I like a property that is being auctioned and the owner is bankrupt. if i were to win the bid, how do i go about it. how is this different when the owner is not bankrupt?

Is it simply you give the bank/asset manager a Price and thats it?

There's a lot more involved in being a successful investor than simply looking at online ads.Good Luck,Mike

There'd have to be a benefit to the buyer for accepting those terms - something beyond looking for buyers who simply can't get financed.

If it is, you will win.

This is not to say that all Realtors are bad, simply to shed light on the situation.Good luck in your investment career and make sure you get educated.

When dealing with a bank owned property can you exercise an option to purchase type contract and simply assign it to someone else for a specefied fee?

A key business professor I had when I was 19 (Part owner in a bagel chain called Big Apple Bagle that made some money) started a corporation where people could buy shares in a race horse and get returns on their investment based on share payouts of the horse's winnings.

In doing so they have the second most consecutive wins ever in the NBA history.