I heard that the waiting time for a court trial is 5-6 months and another 2 months for having the sheriff to remove the tenant (only one police office in the whole city of San Diego to execute the writ of possession now).

This is why it is important to enlist the services of an attorney sooner rather than later and have a reserve fund to cover all expenses until you are able to take possession of the property.

HI Brandon,Everybody cherishes and read about “Real Estate Success Story”.

Our Detroit portfolio fit the following guidelines for us: Invest where we possess competitive advantages:Our competitive advantage is our knowledge of the local market, operating systems, and boots on the ground, which enable us to operate effectively and profitably in a management intensive environment like Detroit.Acquire assets on a value basis with a goal of maximizing return on capital.Price is what you pay, value is what you get.

There's a few other things to think about too: 1 - Possible owner financing if he wants to still get a stream of income into retirement at an attractive rate compared to the rest of the market (win/win scenario, you don't need to come up with as much cash, and he makes a little $ on the %) 2 - Consider a post possession if he needs some time to move out but needs the cash up front for whatever reason 3 - Leave all the furniture/junk in the property and you'll handle clean up etc. 

Hi,Recently I've come across several bank auctions that are occupied - by owner or tenants.i believe the bank has foreclosed on them and taken possession , but the dweller has not vacated yet.

For example, a seller owns in Pennslyvania, and exchanges for a property in Florida; they would owe gains tax in PA.Question 3: replacement property must be identified by day 45, and possession taken by day 180 (sale date being day 0).

The trend is towards mobility, career flexibility, less material possessions/minimalism, ability to travel, having less children or no children at all (i.e. less pressure to purchase a house), postponing or foregoing marriage...

Columbus - after receiving collateral and the deeds in our possession, the property was abandoned / trashed and the grass was 3 feet high.  

I have read some of the comments where some people offer referrals fees and practically take possession of the client.