Question: I am from Australia and looking to start deed investing. I have some questions – maybe someone here can answer it. When purchasing a tax deed in let’s say TX – and it has a 6 month redemption period. What does that mean in practice? 1) Does it mean that you are entitled to vacant possession of the property immediately? Is the property vacant at the time of deed sale? 2) Does it mean that the (now previous) owners of the property get to stay in the property for the next 6 months until they either redeem or not? 2) Does it mean that you couldn’t make any changes to the property for the first 6 months in case they redeem? 3) If you had vacant possession and start renting the property out to another party and then the previous owner redeems what happens then?

Question: I am from Australia and looking to start deed investing. I have some questions – maybe someone here can answer it. When purchasing a tax deed in let’s say TX – and it has a 6 month redemption period. What does that mean in practice? 1) Does it mean that you are entitled to vacant possession of the property immediately? Is the property vacant at the time of deed sale? 2) Does it mean that the (now previous) owners of the property get to stay in the property for the next 6 months until they either redeem or not? 2) Does it mean that you couldn’t make any changes to the property for the first 6 months in case they redeem? 3) If you had vacant possession and start renting the property out to another party and then the previous owner redeems what happens then?

Vie DB: Hi Fabian Windrich, check out https://taxliencertificateschool.com/They have a whole lot of information on their page, video and deed book. Happy investing! 😀 Tax Lien Certificate and Tax Deed Training by Dustin Hahn | Tax Lien… taxliencertificateschool.com Fabian Windrich: Thanks Vie DB I’ll take a look Fabian Windrich: I’ve taken a look at this …

Question: In tax deed states that have a redemption, can we buy the redemption rights from the original owner? seems that we are purchasing the equitable right of redemption which is real property. Also, it would be with a quitclaim deed or other special contract?

Question: In tax deed states that have a redemption, can we buy the redemption rights from the original owner? seems that we are purchasing the equitable right of redemption which is real property. Also, it would be with a quitclaim deed or other special contract?

Bahiyaa Amatullah:

Question: The owner of a 3/1 house had to move and can’t pay her mortgage payment plus her new lease. The house was vandalized and the toliets, water heater, sinks, condenser were stolen. She is supposed to get an insurance check to replace those items and said she would give me some of the $ for new(used) appliances. The PITI is $428/mo(will be more with no homestead and rental ins)and should rent for $750. I would have no problem renting it, could buy it subject to and or lease option, probably wrap the deal into a seller financing deal or take a fee and sell the deal to another investor. Her loan is 10 years in on a 30 year loan @8 %. Do y’all have any advice on what would I should do?

Question: The owner of a 3/1 house had to move and can’t pay her mortgage payment plus her new lease. The house was vandalized and the toliets, water heater, sinks, condenser were stolen. She is supposed to get an insurance check to replace those items and said she would give me some of the $ for new(used) appliances. The PITI is $428/mo(will be more with no homestead and rental ins)and should rent for $750. I would have no problem renting it, could buy it subject to and or lease option, probably wrap the deal into a seller financing deal or take a fee and sell the deal to another investor. Her loan is 10 years in on a 30 year loan @8 %. Do y’all have any advice on what would I should do?

Rich Lennon: For me personally there is not enough cash flow. Not sure what your market produces in those terms, but I would want about $900 rent before I would purchase. Personally I would move to another investor and take a quick pay day. Just my humble opinion. 🙂 Cindy Crane: Rich, that’s what I’ve …