Promoting your website is an ongoing, ever changing 'science' but if you get it right it can pay handsome dividends.

The state pays the county and then expects to be paid back later when the property sells.John Corey

Apparently the bank finally woke up and paid up the taxes sometime Friday.

Not to mention if you do a lot of REO wholesale...think of the IRS audits you will have by opening up so many companies in your name and closing them so fast..probably won't look good...might be easier to just add your buyers name to the contract and you use your wholesale contract to protect you and assure you get paid outside of closing

Replace Your DebtYou must replace the value of your debt that was paid off as a result of selling your relinquished property with new debt in the same amount on your like-kind replacement properties.

so if i did recieve commission and I wanted to flip a house, the commission could possibly fund most of it.Invstr lets look at the breakdown on the repairs and your commission. 100.000 purchase price=3000.00 paid to the buyers broker in my area normally. 3000.00 to the broker= 1500.00 paid to the agent normally in my area. 1500.00 to the agent less self employed taxes (40%)= 900.00I don't know how many repairs you could do for that but I don't think you could fund most of a rehab.

You need to make sure that your second mortgage is disclosed to the first mortgage holder before closing.That said the lender is in the bussiness of loaning money that they think will get paid back.

For example: if you pay the mortgage payments for 5 years and then sell the house, will the other family members be OK with you being reimbursed for the money you paid?

China is back loading a lot of the costs of an expanding economy and communist or not those costs will have to be paid at some point.Good Luck,Jason

BryanIf using the purchase price as the appraised value (regardless of actual appraisal) then most lenders aren't too picky...but if you want to use the appraised value (presumably greater than what you paid) you need at LEAST 6 months and generally a year.