Archive for January, 2010

I am going into the business of buying foreclosed homes before they go to auction directly from the owners. I have a couple questions. How Profitable is this business? (General Overview) How much money is needed for investment to start this business? How long does it take to start up this business with all the components in... »

I know ebay says real estate auctions are non-binding on the buyer (us) but it doesn’t say anything about the seller? I guess they are obliged to sell it to you if you have won the auction? We’re pretty sure the seller didn’t expect to get so low a price but that’s how auctions... »

I have been going to bid on real estate auctions for family, and they will transfer $10,000 into my account, which then I make into a cashier’s check. Because that money goes into my account can it be taxed and be considered income? Share and Enjoy: »

I am looking into purchasing a piece of land at a county tax auction… What I want to do is build a pole barn for my landscaping business. My question is… the properties are listed on the county’s website as something like 2.5 acres, 1 acre primary, 1.5 acres residual. What does that mean? Share and... »

meaning with delinquent mortgage, compared to having the bank sell it as part of the foreclosure process itself? I’m referring to the period of time the bank gives the owner to sell their house prior to foreclosrue/public auction? what is the owner’s main motivation here to sell it pre-foreclosure? is it their Credit Report... »