But, the balance/payoff could increase due to fees, penalties, etc. in the event of foreclosure.

Here is a short list of IRS approved investments:Rental property, flipping real estate, pre-foreclosures, forecloisures, REO's, mortagages, loans, businesses, limited partnerships, franchises, notes, raw land (must be all cash, no debt financing is allowed on raw land), residential real estate, commercial real estate, lease options, LLC's, international real estate, multifamily units, tax liens and deeds, vacation properties (as long as you dont use them), private and public stock, mutual funds, hedge funds, and the list goes on . . . .

HelloI am on my first flip, purchased a sfh at a foreclosure auction.

Dan, DC probably has a financial newspaper where the loans in the process of foreclosure are advertised by the County.

Same thing applies to your home owner.Based on the specific circumstance of your target market, you can adjust your elevator pitch to fit the situation.Example pre-foreclosures:  "Hi my name is David, I own property in the area.  

Myers, and still doing seminars, now selling foreclosures in SW FL.

I work for a real estate and title company.My daily work is focused on closings, foreclosure resales, short sales and other transactions.My non-work interest is in tax liens.I hope to be able to contribute and to learn a lot.

I'm buying foreclosures and my agent tells me that's all I can get at first, I can change to another company later.

They can’t sell them for anywhere near what is owed and we are now the number 1 foreclosure market in the country.

They also claim to send you pre-foreclosures, what a joke!