I am a 21 year old investor based out of Brooklyn, NY w/ two investments properties (payed off mortgage) that I manage and I have been pushing forward and researching and reading and learning as much as I I can about real estate.

During this period your attorney can cancel the contract for whatever reason as long as it is NOT based on purchase price. 3.

This is not $120/ft material, which is how this is priced based on the $3,500 that was purportedly spent.

I am not against it for the right person, but many people think that its a great way to get into real estate when you have no money and cannot qualify for a traditional loan, in that instance, its a really bad idea and mostly does not end well. 

This should be your own conclusions based on your underwriting, not someone else’s. 

I don't like the games being played at my expense here. 

I have over 40% equity based on loan amount of $200K and general market value of the property at $400K (unsure what assessed value would be).I'm thinking I'm a candidate for PMI removal.

The tax treatment of your land sales would typically be determined based on when each parcel was sold and whether they were held for investment or business purposes.

Have you seen this play out where you or someone you know purchased an auction property with a DoJ lien on it?

The truth is, it’s based on a multitude of factors and ultimately comes down to what makes sense to you.