My mother in law is a real estate agent there in Fishers.

It is entirely possible that an owner can be current on their mortgage and still lose the house to an HOA.BUT... the new laws in Texas give the owner the right to redeem within 12 months of the sale... with ZERO interest.

I am a bookkeeper and have prepared individual and small business taxes (Sch C) for years, and even I don't do corporation or partnership returns.There are too many tax laws and loopholes to keep track of.

It acted as a "safety net" that I knew was there, but never needed.Educate yourself and your wife.

Thanks for the Law of Averages ROT on the other forum.

Check this out also as these laws will vary also.Also, I have only had to do one evection… I will file the papers and keep moving forward… but I like to work it out with them and bribe them to leave.

I would love to have a meeting with an experienced wholesaler in my Twin Sities area, who knows the laws here and could answer all questions for about an hour, go over some contracts and forms, and advise as to the best one to use.

The laws in the State it is in and what the deficiencies laws are, was the heloc taken out on the purchase or as truly as cash out loan after the purchase…These are hard questions to answer… But the easy (but not complete) answers are… Maybe they can put liens on your assets… but actually it is called a levy where they can seize the asset… but again there are a lot of variables.

I'm reading through the state laws where I will be investing (Wisconsin).

The successful investors are there to talk to other successful investors and to work together to keep the local government in check (keep them from passing local laws that are anti-landlord).