When going after REO properties (more advanced techniques are required), you can not "assign the contract" so you must use other means which is why I recommend going after other sellers.

I wonder if them filing BK might have any complications?

But with a 400k government lien on it, it sounds like disposal of the property is going to be complicated.

But, I'm looking for my niche.What would be your suggestions on the best creative financing techniques for me to start with?

I was curious if this same technique could be used to jump directly to the post represented in an individuals profile under "Recent Forum Posts."

You can always look at creative techniques like purchasing subject-to if you can't get traditional financing.

Sounds complicated?

Sounds more like he made up a complicated formula to continue receiving grant dollars (so he could keep toking it up in NorCal).

Cos like I said everybody says get an LLC, but then everything gets complicated and expansive, when like you guys say with umbrella policies and common sense one should be protected.

Reed also has a book on real estate taxation issues that would be a useful read.Installment sales are very complicated from a taxation standpoint and investors and the IRS don't see eye to eye on how they should be taxed.