right now i don't have YET the capital to buy foreclosed properties, but as early as now i'm making my plans as to what to do. i figured that since i want to have several properties (which i plan to hold on to for future passive income by leasing them out), i should start first by buying ONE foreclosed property, selling it, then rolling over the money to another foreclosed property which i would buy and sell again. i plan to do this until i have enough money to buy several foreclosed properties which i could finally hold on to by renting them out for as long as i want to. what do you think about this?

Last night I was reading on Tax Liens and how delinquent taxpayers information is disclosed, since it is an information of public nature in America.

So following your order of ideas, I believe that if you have not enough money for buying foreclosed properties, financing people who get a notice of lien and is able to make a payment arrangment with th State office could be another option based on real estate.

It's a competitive way to get started because you have to realize there are hundreds of companies with unlimited capital buying up these places. But if you're scrappy, you can do it so good luck.

Its worth a shot, and you may even find a seller selling way below market value, it doesn't always have to be a foreclosure home. Goodluck

I'd recommend getting to know a local real estate agent who'd be willing to let you know when properties are going to auction. Around here the agents seem to snap them up before the public even knows!

I have a friend who started off buying flats that had from which people had been evicted and usually they ahd been stripped bare. He bought them and sorted them and sold them on and did ok. good luck.