We would then need access to funds to pay the balance of the property within 24 hours as required by the courthouse.Hopefully we would move that house to our investors in only a few days.

Of course that may be a bigger nightmare than I'm willing to take on, considering the zoning and planning and fire resuscitation avenues I probably have not properly considered.I'm still debating what I would offer this guy, and whether I should do it at all.

You might also be incurring some type of liability by not doing something properly or by not giving proper disclosure.Being a successful investor requires a combination of many aspects of skill and knowledge.

If you can't run a business properly, it's best not to start it in the first place.

Your actual costs will depend on your account balance and what kind of and how many transactions you do.

Does the company have a decent balance sheet?

And give us a brief summary of the book (I have a need to pick up a book and want first hand input), I know I should go to the proper forum but hey you mentioned you were going to get a book and I thought why not!

Or,In the event A defaults on the loan the Trustee will (after the proper notices) conduct a Trustee's Sale (that's what foreclosures are called in Trust Deed states.So I'm not sure how you could (using the correct meanings of the words) have a "warranty deed to trustee".I'm not familiar with the term "land trust deed".

Keep working hard and find a deal that you KNOW will cash flow properly.

Might be easier to receive proper advice based on your experience level with different aspects of real estate.