Foreclosure is when the sale actually occurs.

Taxes DO NOT reassess on the sale. 2.

Recruited and fully trained Sales Team (First 90 days) was provided.

Purchase price: $160,000 Sale price: $263,000 New construction built to live in and sell after a couple years.

Since this is the first deal that you are doing with him, I would not offer 100% financing unless you are fully confident that sale price will exceed ARV.

In the 3- Star property segment, price declines were less pronounced, falling about 15% from the peak where deals once traded for approximately $210,000 per door.In addition to asset quality, investors adapted their approaches to stay ahead of rent growth, leading to noticeable shifts in sales volume rankings.

It's just not necessary and the guys who say it's wonderful to be in those areas, can have them.

Please reach out, happy to connect since I'm currently in the process of trying to break into the commercial investment sales vertical. 

Your determination and resourcefulness speak volumes, and with the right funding, you're on your way to making this venture a success.If you have any more questions or need further guidance, don't hesitate to seek advice from the wonderful BiggerPockets community.

Here is the list.   Good luck and Happy Bidding.https://www.tax.newmexico.gov/businesses/property-tax-overvi...