Why must it be assumed - is there a pre-payment penalty?

Is your lawyer commenting on the reasonableness of the contracts and agreements because anyone can write you a contract that is perfect, assuming the underlying presumptions of the contract are real. e.g., real company, real funds, real intent, etc.Just in fun, use Google images and search for "seems legit".For all I know what your doing may be fine, but be careful, from everything you have said I would be very leery.

I haven't heard anyone here talking about pulling multiple credit reports when they research a family with multiple members; do you just assume that one credit report will give you complete information?

If nobody wants to buy the lot, you're out the $900, you'll be paying annual taxes, you'll be paying for upkeep (lawn maintenance, debris removal), etc.Each year that passes, your investment will grow, and you'll need to sell for more and more just to get out of the hole.Not saying it's a not a good deal, but don't assume it is just because it's free...

I've learned quite a lot from the experienced posters on this site.Hopefully I can get some advice on a situation I'm facing.I bought several tax liens in my home state of MS 2 years ago.I'm very happy with the returns, but I have one left that did not redeem.It was a homestead property when I purchased the lien, but now it has "estate" listed on the property, and the taxes are now about double what I paid for the lien.So I'm assuming the owner passed away in the last 2 years.August 30 was the final date for redemption, and I have filed to get a tax deed.My state is known to be lenient in favor of the property owner, and tough on the invester, so I do not expect to acquire the property.However, I have no experience in this aspect of the deal, therefore really don't know what to expect.As it is a relatively small lien, I'd like to avoid the expense of a lawyer if possible, as I'm not sure that money can/would be recouped.One avenue I have considered is to contact the owner when I have the deed, and offer a quit-claim settlement for my interest in the property.I'm interested in your thoughts on this solution, and any other ways to bring this matter to a close.The original lien was for $600.

If you do it this way, you'll be fine, and usually your estimate numbers won't be too far off anyways...assuming you have some experience estimating rehabs.

These are just some examples of how you can buy an investment at market value and make money (assuming you know what you're doing).I appreciate your knowledge and experience in the investing field.

Derek, :welcome: Assuming you are 18, focus on establishing an income and credit.The credit takes time to build.

Just assume that there are deals out there and you just have to calibrate your radar so you can zero in on them.Welcome and good luck.Post questions at any time.John Corey

Assuming that FMV is $145K keep your checkbook locked up until you're pretty sure you can get it done ready to sell with about $100K +/- in the deal.I'm pretty sure if the wholesaler thought he could do that he wouldn't be offering it for sale!