Do you have to satisfy these debts in addition to the auction price, or are you essentially buying a 'clean' property if the state is auctioning it?

If you haven't already discovered it, a great blog on living a frugal but satisfying lifestyle is mrmoneymoustache.com.

Someone dies, the note goes to their estate, you may not be able to act quickly to satisfy a buyer.

So I'm working with a local non-profit to help them liquidate at least one, but probably 2 of 3 properties currently under a commercial umbrella mortgage held by a regional bank. They are looking to tidy up their affa...

I want to run this past you guys to see if there's a solution in here somewhere.

A title search of a property I'm looking at purchasing indicates that there is an existing mortgage on record. The lien-holder...

Most of them just pay an extra $100 every couple months to satisfy the water bill.It is nice to have the submeter data to see if one unit is using an unusual amount of water -- helps put the kibosh on leaks and such.

But, she wouldn't return my phone calls and likely already had a buyer in mind for the property (and was just listing it to satisfy the bank requirement of listing the property).My wife and I drove by the property, and the guy living there was out front getting his mail.

My intent is to hold the property long term and continue to buy up properties once I satisfy the 1 year OO for the FHA financing.The 4 plex consists of four 1 bedroom 1 bathroom units all on the same floor.

They can bid more because are satisfied with any discount - they do not need to make a return on the "flip".2.

I am quite satisfied and even more convinced that if you want to build a sizable portfolio of rentals (like I want to) - Turn Key is not the way to go.