Question: Anyone in here doing tax deeds in Texas?
Hannelore Inman: I am Eddie Buzzon: Cool cool I’m looking in to starting up. Looking for a mentor to kinda help me out. Hannelore Inman: What do you do for a living? Eddie Buzzon: Hannelore Inman work in the oil field. Hannelore Inman: InterestingI ask because I believe your background may help others. Hannelore Inman: …
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: If I go to the courthouse and buy a tax lien do I still have to participate in the auction and if I lose do I get my money back that I used for the tax lien?
Will Dunaway: What do you mean “lose”? Curtis Remas: If I don’t get the house/properties that I mean by lose. Will Dunaway: It’s an auction, so if you “lose” u don’t pay what you bid. Curtis Remas: I get that but I’m talking about the money I buy the tax lien with. Will Dunaway: You …
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:
What’s a big tax lien or deed question we can answer and help you with?
Eric Whelan: I got a tax lien list but this one is kinda confusing to read. Don’t wanna call the county and seem like an idiot so trying to see if someone can help me figure this one out? I can send you the list to see what I am looking at William Enersen: Post …
Question: Is it good to have multiple strategies if what you’re doing already works???
Background: I have an opportunity to snag a house on an close by island but giving myself a mental road block. I’ve only dealt with rentals and flips and would like to use this opportunity for air bnb. House is across from the water but does have dock access. It’s only $80k and would cash …
Question: Thinking that I need to buy a rental to off set the income I’ve made this year. I was thinking to buy cash my rental, fix property and take out a loan against the property. Would this help me for tax purposes? Any ideas how this would be structed? I was thinking to do this with a self directed IRA?
Jim Ingersoll: Yes, the depreciation and tax benefits will definitely help you regardless of your financing strategy. Rocky Vasquez: It’s my understanding that if funded with an IRA it must be an “arms-length” transaction. Rich Urban: Rental property will get you some tax breaks. Doing it within an IRA will not help though. Jason Bhattacharya: …
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 …
Question: Any good deals in ferguson Mark Broadway? How far from there do you live?
Mark Broadway: I am 4 hours away from there. Honestly, that entire protest and chaos took up 2 blocks. So there wasn’t as much destruction as the press made it seem. Its not a bad community there but I’m sure there is a deal or two to be had! Mark Broadway: Funny Jim Ingersoll, I …