Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

In most jurisdictions, when a property owner is late on paying real property taxes, the county or municipality will issue a a tax lien on that person's property. Certain states allow the tax lien to become a first lien on the property, which is then turned around and sold at auction as a tax lien certificate.

After placing a successful bid, buyers of a government-issued tax lien certificate will then get one of two things:

1) A state-mandated yield from the lien, which the delinquent taxpayer must pay in order to release the lien, OR

I'm reading Dean's new book and BARM. I can't seem to find an answer. My question is this: Once I've found a "killer deal" (and I've found a few) most around my area (southeast CT) that contain "buzz words" like motivated seller, prices to sell, etc. also require you to be preapproved to even put in an offer. How can I do that with no money and no credit? I'm looking to do mostly re-assigns to start and get some money first to do fix and flips and rentals soon. Any help?

A real estate investor will often have professional expertise that can be "traded" in lieu of down payment funds. Contractors, painters, landscapers, health-care professionals, lawyers, realtors, insurance agents, car dealers, merchants - all of these can provide valuable services or discounts that could be used in place of down payments. The potential list is not restricted to professional consideration either, sometimes a supply of plain elbow grease can help swing a deal in the absence of funds.

Hi everybody,

Currently it’s a great time to be a first time homebuyer on the Main Line, or any where in the United States for that matter. The main reason being the new first time homebuyers $8000 tax credit that is retroactive to January 1, 2009 and lasts until November 30, 2009. How does the $8000 tax credit work?

As the baby boom generation nears retirement age, many of them will not be able to pay for their living expenses and will opt to sell their homes and rent while living off the proceeds from the sale of their primary residence. They can be an excellent source of new tenants, but you might have to modify your units to satisfy the unique needs of an older generation.

The majority of the walthiest people today own real estate. What do the rich know about real estate that you don't know? Their secrets are:

1. Leverage
2. Tax benefits
3. Appreciation

Anyone on here specializing in Florida east coast (between Vero Beach and West Palm Beach)? I recently found an awesome REO for myself in Ft Myers for a steal and now my best friend and husband wants me to find them a deal on east coast. I am planning to get my license in FL in near future but right now I would need to work with/through someone else.

If you think we could potentially work together, email me asap.

Thanks!!

Kate

-Paying too Much for Junker Properties
-Buying Houses in the Drugs and Guns area and asking regular prices
-Working with the Wrong Real Estate Agents
-Worryting too much about REPAIRS
-Being Afraid to Make OFFERS
-NOT Prequalifying Sellers and Buyers
-Not Building a BUYERS LIST

-Only One Pay Day on Each property
-Houses Must Be Well Below Market Value
-Hard To Do On High Priced Houses
-No Passive Income