Usefull web pages

Great web pages when doing your due diligence!

www.redfin.com
www,gosection8.com   - to see what is available in your area for tenants.
www.listingbook.com
www.spotcrime.com
www.rentometer.com Great web pages when doing your TAX return http://www.trexglobal.com/property-management/landlord-resources/rental-property-tax-deductions

Quotables Quotes by Donald Tump

Business is an art whether its real estate or anything else. Treat it that way by developing your technique being tenacious and remaining passionate.

Real estate has a way of evening itself out. There are always ups and downs and that;s a fact not an aberration.

Don't depend on anyone else for providing your financial security.

Big problems can equal big opportunities.

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Real estate Tips

The financial numbers given when purchasing a home are only estimates. Take them as the best case scenario so always take them as a relative way of how the property its projected to perform not how it actually performs.

When protecting yourself against vacancy consider saving at least 1 year reserve money that will allow you to maintain the property in the case your tenant leaves.
Note that if there are more likely to fail to pay the rent if the tenant its a single person or a single person working in a family household.

Use insurance as only one way to protect your property there should be other asset protection in place.

Property Acquisition Investment for tax lien: what to look for

When looking for a property which has a lien you want one that is likely to be allowed to go for foreclosure. So look for the following:

Properties that have been abandoned by the owner or its owned by someone who is living out of the country. 

Properties that has several years of unpaid taxes (more than 5) and the ownership is free and clear of other liens. 

Properties where the owner has passed away, has file for  bankruptcy  or the owner is a minor or active member of the military  are more difficult to foreclose.

This information its not hard to find and  could avoid you a lot of headaches. The owner of a property its public information and you can find it by searching in the country assessor's office. You could also go to the county recorder and find out if the owner has file for bankruptcy

Criteria when considering a property acquisition investment strategy on tax lien

You have to consider the following points:

1. Chances of the owner paying the lien
2. How long you are happy to wait to forclourse the property
3. Other property taxes that will have to be pay in the future
4. How likely are you to foreclose the property
5. Does the property stand in a good area with potential growth? 
6. Does the property need repairing?
7. How much is the property worth.