All Forum Posts by: Antonio Evans

Like Jesse said, there is tons of post that you will sift through on here. But I would suggest narrowing down your area of the city you want to focus on and look for vacant properties, network with other real estate investors, and try not to get caught up in "quick money/wholesaling is easy" thinking. Took me months before I done my 1st deal and I definitely was all over the place regarding my geographical areas I was trying to focus on. Your market maybe booming and you probably get your 1st deal next week (would love that to be the case for you). But remember to have patience and let EVERYONE YOU KNOW in your circle know your passion for REI along with what you are trying to do and tell EVERYONE you meet as well your interest in REI. Wish you much success!

1 Vote

Originally posted by @Fillipe Silvas:

Hello!

My name is Fillipe Silvas and have recently gotten very interested in real estate investing. I currently have a full time job in manufacturing and part time personal training. I plan to continue both of these as i dive into real estate because I do enjoy them. I am about 2 weeks out from the closing date of my first home. Going through this process has been quite scary for me but so intriguing as well. Finding 2 renters for my extra bedrooms has made it much more comfortable and also has gotten me beyond excited at the opportunity real estate shows for passive income. I have very little knowledge of the business but am willing to put in the time to learn. Although long term residual income is my biggest interest, the thought of making a few flips in the beginning really gets me going! I found bigger pockets during a google search while doing some research on the local market and have listened to a few of the podcasts. Needless to say I am thrilled to learn and get the ball rolling towards my first investment!

Congrats on your new venture and welcome to the 3rd Coast! I'm looking to nab my 1st REI deal and also looking to get back into the health and fitness industry. Definitely would love to connect with you man and see how things are going for ya.

Welcome to BP!

1 Vote

Originally posted by @Stacy E.:

Hi @Antonio Evans,

Every situation is different so this may be something you want to discuss with a tax accountant. I'm not sure the reasons for you taking over the payments. Is it to help them out or for the house to transfer to you? What are your plans for the house?

I looked into to doing this with my dad's rental in VA but it ended up not making sense. Since he has used the house for a rental for multiple years, he can no longer take depreciation. If I put myself on the title now, then I won't be able to take depreciation. However, if I wait and the property is transferred to me upon his death, it is transferred at the market rate. So then, if I use it as a rental, I will be able to take depreciation. That is a big deal for me.

I'm not sure where the townhouse is in VA but many markets are very hot so now may be a good time to refinance. It is typical that the winter does slow down a bit though. One idea about the appraisal would be to pull comps for the area. Why do you want to refinance? You could also just pay their payment and keep the loan in their names.

So many options...

Thanks Stacy for the response, wish I would have replied days ago but first time in Virginia(Newport News) and Fiancé had tons of things going on with this. I was wondering if you could suggest a real estate attorney in the area?

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My fiancé and I are in the process of being added to title of her parents townhouse in Virginia. Would it be better to wait(or do you have to wait a certain period) to refinance. And if we were going to refinance should we wait for a certain time of the year. Does the time of year affect appraisal and market value in certain areas of the U.S. any suggestions on this situation.

thanks BP community

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Originally posted by @Mark Plesha:

I found a home in my subdivision that looked like it needed some work so I decided to check it out on my counties assessors page. I found the owner and when I googled her name an obituary page came up. I learned that her husband passed away years ago and her son lives in the next town over. There are people at the house occasionally, but it does not seem like anyone is living there. My question is should I send a letter addressed to the home in her name or send it to the son's address in his name? Any help in this matter would be much appreciated, thanks.

Good Evening Mark,

Any update on this. I am in a similar situation and wanted to see how yours turned out.

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Thanks Everyone! Talked with a neighbor and discovered that the owner and spouse passed away; Daughter as well. Not sure where to go from here. Tax office,title company to find out Liens, etc??

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Originally posted by @Account Closed:

Hi Antonio,

What are you trying to accomplish? Do you want to see if the owner is willing to sell? I'd send a letter to the house address and their address of record on the appraisal site, if it is different.

Hello Meghan! Thanks for jumping in, I am interested to see if the owner is willing to sell. I am going to proceed with mailing to the address in hopes of there being a forwarding address with the post office(maybe)? Unfortunately the address on the appraisal site is not different than the property address.

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Good Morning BP Community

I wanted to present this question to the community. I located an abandoned property and was able to then find the owners name through appraisal district website. The owner does not live there of course and the utilities have not been active for 3 yrs. Taxes were paid on 2 yrs ago. Ive exhausted my research. I have not sent any letters to this address yet. As I move forward in this search, I wanted to see if anyone had any ideas/tips on how they have approached a situation similar to this with positive results. Have a great day everyone and thanks for any advice feedback.

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All Forum Posts by: Antonio Evans

Antonio Evans has started 2 posts and replied 15 times.

Post: Looking for boots on the ground in Atlanta, GA.

Post: Looking for boots on the ground in Atlanta, GA.

Post: How to get started as a wholesaler

Post: First Timer in Galveston County Texas

Post: Added to Title and Assuming Payments(Virginia)

Post: Added to Title and Assuming Payments(Virginia)

Post: Probate

Post: Absentee Owner,Utilities off since 2013. Ideas on finding owner?

Post: Absentee Owner,Utilities off since 2013. Ideas on finding owner?

Post: Absentee Owner,Utilities off since 2013. Ideas on finding owner?