Here is an example of one of my private deals.Paid 60k at an auction for a beautiful need nothing homeTook out 12% zero coupon financing without points. 24 month balloon. interest accruing, but not compounding.I sold the home on owner financing for 170kI got 10k down (non refundable) at the time of signingI got 1200 per month for around 18 months They cashed out and after I assisted with closing costs and credits and closing costs, I brought home another 76k.Overall, I had a nice income while the home was selling.

I guess its allowed since they aren't realtors and it is an "auction".

Just found BP doing a search on Checkbook self-directed IRA & 401k.I've been concentrating on the newer online Tax Lien certificate auctions.

Doing the title search proved that the first (and only) lien holder was foreclosing, and the outstanding debt was around 180K.My cramped calendar permitted me from attending the auction due a very hectic schedule!

About 6 months ago, when my business started showing signs of the slowdown, my Father in Law bought a foreclosure from a Hudson and Marshall auction and I (with my 'crew') rehabbed it for him.

-Called the court house for the next auction, but the next one will not be until end of this month.

I started looking at the upcoming courthouse auctions in my area.

In my county there is a Court Confirmation hearing after a Sheriff Sale. At the hearing, typically the owner gets 30 notice to vacate and then I can take possession. According to the rules, the 30 days can be elimin...

I invest in tax liens only in counties that do online tax lien auctions.

Banks are not filing Writ until the very last stages of the foreclosure or not at all before an auction sale.