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.
General Landlording & Rental Properties
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 over 6 years ago,

User Stats

4
Posts
0
Votes
Cameron Moore
0
Votes |
4
Posts

Newbie seeking guidance!

Cameron Moore
Posted
Hey everyone, I might have a way to get into investing and help out a friend of a friend. Quick backdrop, found a tax deed sale, taxes owed are 12k, and property is valued at 90k total (40k for land and 50k for the house). I have a chance to get a quit deed claim and pay off the taxes before auction. The original owner will continue to live there and pay rent. Can be plain renting or rent to own. Some concerns are if the original owner tries to make me pay for repairs that are pre existing like roof, foundation, etc and of course if they never pay rent. I know an FED can be filed but at what point? Also what is a fair rent price if I only have 12k invested? Any questions, comments, or concerns please let me know!

Loading replies...