Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

10
Posts
2
Votes
Cameron Phillips
  • Rental Property Investor
  • New Braunfels, TX
2
Votes |
10
Posts

New to game with an opportunity, please help

Cameron Phillips
  • Rental Property Investor
  • New Braunfels, TX
Posted

Hey there, this is my first post and I'm just getting started in investing. My mother wants me to have my grandmothers house in Corpus Christi, Texas. Mortgage is paid off however property taxes are equalling about $57,000 from the years and years of my grandmother being unable to pay them. Lots of remodeling and renovating are needed. Property probably couldn't even pass an inspection yet it is livable and would be a cheap roof over my best friend and I's head when moving back to Texas. (Garage needs a new roof, I'd like to add a full bath to the master bed, remodel the existing bath and kitchen and take down the wall separating the kitchen and dining room) just a few things I can think of off the top of my head. In what conditions would it be a good idea to jump in and take this project on? Could I bargain the city or country with the property taxes? Any questions to think about, advice or input is welcomed and appreciated!

Loading replies...