Does anyone no were I get the public record for pre-foreclosed propertiesIn Phoenix Az...it should come out once a month and be listed in a public news paper.

Now your local public records at the county courthouse will have up to date information about if the last owner sold it or not.

We called the town office and the seller paid $36 for it 8 years ago in a desperate estate deal (owner died unexpectadly, left wife with 18 properties she dumped in a hurry) The neighborhood is quaint, near a public school, decent.In order to pad the bank account for our down payment/closing, I decided to borrow $3500 from a low interest credit card.

Absolute (sells to the last and highest bidder regardless of price)Reserve (seller and I agree on a minumum price for a sale to take place)A 10% Non Refundable deposit is taken the day of the sale and closing takes place with all cash and no contingencies within 30 to 45 days.Auctions do not produce foolish people that are going to pay more than what a property is worth.

We have a public computer there, and the clerks were kind enough to teach me how to use their system.

Taxes on a non-homesteaded house in most school districts is probably 2.8% +/- so figure about $4K/year, Fire and EC insurance is another $700-$1,000, I guess HOA fees are a few hundred a year.So, with NO VACANCIES, NO REPAIRS you're looking at less than 6% CASH ON CASH.

The fund which requires $500,000 minimum investment focuses on buying non-performing credit card debt in wholesale quantities and prices from major card issuers and then converting some of it into current, paying debt.

I live in an urban area that does not have zoning, and as far as taxes it is considered commercial, but i understand that any investment property (non-Lived in) is considered commercial as far as taxes.

My question is does anyone know of a lender that can finance 100% non owner occ, with no prepayment penalties.

I started a non-profit community-development corporation which does affordable housing (new construction and rehab) in Chicgao.