The tax certificate sale is conducted in a manner similar to an auction.

In essence lets say you as the buyer find out you can obtain a home for $50,000 and the cost of rehab is $20,000 the loan would go something like this:$50,000= Purchase$20,000= Rehab$10,500= 10% to 20% out of pocket$36,000= Released to GC for rehab this amount is conducted by several things including 6 months PITI$95,500= Loan amount$100,000 after repair valueNote: any money not use in the escrow rehabilitation account will be credited to the principal balance of the original loan.

For the bankers out there, the underlying rule is conducting business within "PRUDENT LENDING PRACTICES" (not yelling).Consider it this way, a property is worth what it sells for regardless of what someone says it's worth.

I do agree with him about getting preapproved right away, but your choice of lender is very, very important (read THIS).I would also like to invite you to visit MY WEBSITE to learn more about me, conduct MLS-direct property search, & access a variety of valuable resources.

You can conduct your own search, YES.

If so, then, you should not be in a partnership with him.Ok, with that said, I am part of a five partner LLC and the rest of my partners have given me power of attorney to conduct RE transactions on their behalf.I have completed purchases with them having a good sleep at nights. 

There will always, no matter what business you conduct, there will always be somebody doubting your efforts.  

I would be sure to conduct your research (as it sounds like you are!)

A new survey just released today by the Realtors (survey was conducted July 18-22, 2013) says that 3 out of 5 home buyers consider the school boundaries in their buying decision.

The funny thing is when my broker did some research on this property manager we found out that he isn't even licensed and in Texas I'm pretty sure you have to be a licensed broker (not just Realtor) to conduct business as a property manager.What advice would you give?