Maybe you are not doing something correct if you find it is still as hard now as it was when you did your first deal.The biggest reason it is easier is something MikeOH talks about.

You are correct, big profits are made from big changes in the market, and certainly SFH's can be part of those big profits if done properly.

Since the lenders have little incentive to get the best possible price for their old house, this route will almost certainly cost them more in the end than just selling it and making up the shortfall.If they want a new house, sell the existing one.

So, if the bank doesn't correct the tax deficiency by Monday morning and the property is sold for the back taxes, does the first mortgage that got foreclosed on still exist?

I thought the HUD1 was done at actual time of closing from the Title Company.Can someone explain the correct procedure and how it works?

When I decided to pursue the wholesale property route I simply asked around through my network.

If you do, people will tell you and you can correct the issue.

The easiest way to look at it is to trade equal or up in value and reinvest 100% of your cash equity, and the difference will be the correct amount of new debt to put on your like-kind replacement properties.

That seem to be reasonable and correct.

You might get some tax savings if you correctly declare the income and the expenses.John Corey