When I had a HELOC I never had to justify what I was using it for, it was simply there.

In retrospect, I would have preferred to not claim these expenses against my income and simply pay the higher tax bill, than to get a tax deduction and reduce my mortgage qualification amount by a decent amount.  

In some sales settings this means we miss the deal all together since there are some investors who will simply bid based on the data they see.  

Granted, I got my bid in last week and if it simply wasn't accepted, fine.

If I were looking, I would pay for sites like "Re al, ty-t r8a c", a monthly membership fee of 16$ or so and search all foreclosure homes in the area there.  

Also, pay attention to the amou t of renovated homes, and homes under construction in any chosen area. 

@Hussein Al-asadiOne thing to keep in mind, most of the investors here on BP do not simply buy properties and rent them out.

I could keep them but now they each need some serious upgrading to keep the rental  income at current levels.There is much more to real estate information than simply buying with nothing or near nothing down and unreasonable spreadsheet projections.  

Hello everyone i need help...i have somebody that bought their house for 225k in 2005 and now the property market value is 160k... he is open to a lease option and im trying to assign it to a t/b. can someone please tell me the steps.... for example .. do i go to the title company and get a lease first and a option contract, have the seller sign it and then have to t/b sign the sign thing under me... how do i assign it lol im confused but am i close??????

Sub2 until the bank forecloses, or simply buy it thru a short sale?