Through my research I've found out that even the experts/pros have mentors, and I guess that’s why their the experts/pros.In essence, the reason why I'm looking for a mentor is the following:1.

An american relative of us is following the whole thing for us and told us about the limited warranty deed. she adviced us to get an attorney.but we can't understand why.we know the bank is providing us a Title insurance, wouldn't it be enough?

My boss wants the ability to do the following things:1) Have financial statements for each particular project (your normal accounting)2) Consolidated accounting (be able to look at all properties together)3) The ability to build in different capital models to the projects (multiple investors/single investor, debt/no debt)4) The ability for a singular investor (ie: my boss) to see how much cash he has in each particular project, and all projects, see how much he's actually making in each (cash) to see real returns5) The ability to possibly include rent rolls and specific information about each project with the ability to have notifications when note payments, property tax payments, etc. are due.

Seller, I was just following up on the letter I sent you last week and wanted to see if......"

Please limit bulk REO discussion to the bulk REO forum, only, and follow the rules for posting in that area.

If you have the cash nothing's stopping you from buying with all cash.Just pick a set of 'investment guidelines' as set forth within this site, follow them, and make sure you get a 'good' deal.Clean up your 'terrible credit' and things will get easier.Good luck.

(((I don't accept such things....it's time to break custom......at least offer it to the client, give them a chance to say what they will do....in this neck of the country someone will.....and as far as legality tell me the legal way to do what i want don't tell me it is illegal))))) I look for solutions and am very optomistic....I don't accept failure it isn't an option.Anyone can make money in real estate......ANYONE new investors or old salts.........You know that all of life is unforgiving.I learned from the school of hard knocks.Mistakes, hmmm I've made a few ....is an understatement.JUST DO IT ..............is how we get over those fears.If you don't take the first step then you can never finish the journey because you will never start.L....abor Luck is never had by those who do nothing.U....nderC....orrectK....owlegeWhen I say JUST DO IT...........I truely mean thatIt must be followed up with NEVER GIVE UP NEVER SURRENDER....This business eats up long time investors too.70 percent of the millionaires in this country come from real estate investing.Your in the game like it or notat the age of 65 only 3 percent of the population will be financially independent.Your in the game like it or not ....will you be the 3% or the 97% that is dead broke or still working?

I have toyed with the idea of doing it but I haven't actually followed through with it because I have been unsure of how the whole double close/assignment thing works in our state.

If I follow the formula of ARV x 70% - repair costs = max purchase price, I'd have to get it for $93K.

You will notice that even your reply you answered you own question to the mortgage liens.Quote [ Pursuant to Section 3712 of the Revenue and Taxation Code, the tax deed conveys title to the purchaser free of all encumbrances of any kind existing before the sale, except: ] end quotefree of all encumbrances of any kind before the sale, except: What follows, the exceptions, do not list a mortgage lien as an exception so they are cancelled as part of the sale.Basically what is not cancelled is any lien from any governmental taxing authority.As far as the IRS redeeming a property, this would only be done when their lein is considered in a junior position to the other liens.