My main strategy will be wholesaling since it doesn't require a lot of money and good credit.Right now I am in the learning stage and I hope to connect with experienced RE investors in the Northern California area that are willing to mentor me and build valuable partnerships.Ed

The agreement would also state that upon 7 days notice he must sell them all to me.Such a method would allow me to "stage" my exchange so everything is ready to go at the same time, but also give plenty of time to shop for properties.Then again, this arrangement may not be allowed by the IRS.

She says it is in the preforeclosure stage.

What stage of development are these lots in?

If anyone bids more for the property than you owe in back taxes (plus penalties and court costs) you can claim the excess monies from the county.

But, if your mortgagor happens to be related to an attorney or knows someone who knows better and goes crying to them (and you never know) you better write a check for the excess funds or you can get hammered.

We have it picked out and are in counter offer stages.

Now in the learning stage. my goal is to have my company up and running soon and have my first deal done soon.

Each local market runs its own cycle and each market is in different stages of that cycle at different times.

However, very few are in the REO stage and actively listed for sale.