The bad part is he does not want to do a hard money loan to acquire the property, and if he uses a bank it most likely will appraise much less than asking price. 

Hi, I’m Cambri McCoy! I am a new BP Pro Member but loving the information I’ve been receiving over the last month without even being a member.My husband and I have 3 units (a single family in my name (FHA but no longe...

This allowed us to invest under $15,000 to acquire the property!

My goal is to acquire at least 2 rental units by mid year.

Most of the time, the property owner eventually repays the delinquent taxes with interest and keeps the property, but if you haven't been repaid after a certain period you can eventually foreclose and acquire the property.

They generally need a lot of work after acquiring and I am not talking upscale. 

If you have the opportunity to leverage a 203k loan to acquire an asset, I would HIGHLY recommend it.

It has allowed me to focus more on acquiring more properties and doing what I'm good at, finding new deals and managing rehab crews.It's so good to see all of the interest in this topic. 

I've set a goal to acquire my first property by the end of March 2023. 1. 🌎 I currently live in Augusta, GA and that's where I'm looking at properties.

Find out what they allow and don't allow when others acquire properties there who do not intend on living in the home themselves.