All Forum Posts by: Arturo Martinez

@Steve Smith thanks but what if I am wanting to wholesale the property?

I am actually wanting to wholesale this property and don't know how to figure out the maximum amount I can pay and don't know how to come up with the assignment fee. How much is too much and how do you know if you left as they say "too much meat on the bone"?

If I have a property with an AVR of $75k will the 70% rule work? Or do I have to adjust the %age?

The property is not owned by the city yet. For what ever reason they have been postponing the demolition my guess is the owner has requested multiple extensions. I have the owners name and address so I'm just trying to find as much helpful info about the house so i can make a better decision before I contact him. I guess I can also have a title company pull the title and see what I can find through them but I think you have to have a contract with that property before they can do that for you am I right? @Account Closed Plus I'm sure there is a charge for them to do that. I'm not against spending money to gain a deal but if there is no deal I don't want to be out any $.

@Wayne Brooks thanks for the advise. I don't think it's just Texas thing though. @Rick H. I think you hit the nail on the head I just want to know as much info on this property that can help make a better investment decision. Certainly don't want any surprises down the road. Thanks for your help!

I just took a look at an abandoned house that has a "Pending Demolition" notice on the door.Just got off the phone with that department and they said it is because they have asked the owner multiple times to make some repairs to the property and they haven't been done. I checked the taxes and the owner has $10,200 in unpaid taxes. I am about to do an open records request on this abandoned property. What all should I request if I am interested in this property?

I have a potential deal going but need help with the agreement process. Preferably using little to no money.. Below is the process I believe that has to take place. If anyone can elaborate more please do so. What actually takes place and what are the costs associated with each transactions? What do I need to focus on and what I need to watch out for?

-negotiate deal

- use a buyers and sellers agreement have seller sign.

- send the agreement to title company.

- use a buyers and sellers agreement have buyer sign.

-send agreement to title company.

-wait for check from title company.

I need an agreement that I can use in Texas . If anyone can show me where to get one please let me know.

Thank you my fellow bigger pocket friends.

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@Jorge Lopez gracias por Tus dos centavos! @Account Closed thanks attending the REIA is also a great way to meet investors so that is on my list.

Thanks for the all the great advice! @Bill Gulley you dove right in to that one I really appreciate it makes good seance.