If the price was right, I'd look at it as a possible buy & hold (it's in my neighborhood, which I love--close to my daughter's school, and I could own again instead of renting & then acquire future properties against it, perhaps.)The question is, would I have to pay any back taxes along w/ the purchase price (thus killing the deal)?

Hello All,I am trying to understand more about acquiring property in probate.

David Hood is referring to the 1% rule.

If you purchase a 1-4 unit with all cash you can within 6 months of acquisition acquire a cash out up to 70% of market or acquisition whichever is lower (if you have 1-4 financed properties, 65% LTV max if you have 5-10).

Which is the best way to approach and acquire private money.

Anyways if I were in your shoes, I'd probably refi and use the untaxed proceeds to acquire new ones.

If I was you i would also do some reading in creating financing technics as they can come handy to acquire properties.

I had acquired my first property with a long-term plan to acquire one additional property every 3-4 years when I moved to a new location.

src=/program_o...Focusing on free and clear houses in your marketing, and offering installment sales to maximize their home value, getting a cash flow for long period time, and leaving the cash flow to their heirs or their charities I feel is a great way to acquire properties without banks, and holding the property for your own retirement for a long-term rental say for 15 to 20 years, and then you having a free and clear house for yourself, without using banks or large down payments.

However, I have been working directly for a real estate investment group in Boston for almost 4 years where my job is to find and acquire investment properties and to support the operator of a $100 million portfolio.My first piece of advice to you is to be patient.