All Forum Posts by: Stephen Gregory

We have a house that we are getting ready to rent out. It currently has a large playscape in the back yard with a swing, slide and all the bells and whistles. I feel like this is a nice feather to have, especially since the house is in a really nice neighborhood and a family will probably be renting the house. My question is this: Is this playscape more of a liability than what it's worth? What's your opinions? Make the tenant sign a waiver? Tear it down? What would you do?... Thx!

thanks for all the feedback guys! I really appreciate people taking time out of their day to help me out.

Unfortunately, we didn't go through with the deal. We found out that they owed uncle Sam $70 in back taxes which we would have to pay. Then on top of they had absolutely no equity in the house. They still owed Wells Fargo for the same amount the home is worth...

Thx again!

My wife and I have been looking for a new primary for a long time. We found a house that is going to be auctioned next week for a Williamson county tax foreclosure sale. This house is in Texas and the auction is only about a week away. 

My question is this:
Is there anyway we can legally buy the house before it goes to auction and if so how do we do that? Is this a typical kind of situation for finding a motivated seller?
Thx!

My wife and I have been looking for a new primary for a long time. We found a house that is going to be auctioned next week for a Williamson county tax foreclosure sale. This house is in Texas. My question is this: Is there anyway we can legally buy the house before it goes to auction and if so, how do we do that? Thx!

Depending on your area it could be difficult to find a good deal. I would say to keep your eyes open to any strategy that could work for that particular deal. If you look for only auction deals, you could be leaving behind a lot of other opportunities. Good luck!

My wife and I have been looking for a new primary for a long time. We found a house that is going to be auctioned next week for a Williamson county tax foreclosure sale. This house is in Texas. My question is this: Is there anyway we can legally buy the house before it goes to auction and if so, how do we do that? Thx!

We have a house we are selling and have it under contract. We are set to close in about a week. Last week, the title company said that there is a Mortgage lien from US Bank in 2008. We never had a loan through them and when the title company called them to get more info on the lien US bank said that they have no record of a lien on our property. The Title company says that we can't close if theres a lien on the house and they don't know what to do. We've been talking to US bank everyday to try to get the lien removed but they just keep on saying that they have no records of a lien or anything on our address and that they are still looking for documents.....

Help! what can we do about this?

Is there some kind of statue of limitations on this? If they can't provide documentation than is the lien considered void? Has anyone encountered something like this befioe that can give me advice????? We need to close soon!!!!!!

Thanks!

Thanks for the response guys. That makes sense. I really appreciate it!

Sorry if someone else already asked this question. I often hear on the BP podcast that the 70% percent rule states that you should purchase a potential flip at 70% of ARV minus the repair cost.

My question is this: well, 3 questions

Where does the acquisition cost fit in?(all the misc. closing cost of the loan)

The holding time cost fit in?(mortage and taxes, potential past HOA fees, etc)

and selling cost fit in? (3% buyers agent commission, closing cost on the sellers end, etc)

Sorry if this isn't clear!