All Forum Posts by: Bridgette Luce

Thanks Guys. Our bank actually agreed to the loan with only 10% down. Very surprising. 

Me and My husband have 100k dollars to invest. We want to purchase 53 acres, split it into 12.5 acre tracts, develop it and resell. He does land cleaning and land development for a living so he would do all the development through his company. Problem is getting financed for the project. Propery is 400k and improvements 100k to 150k. So looking at a 550k loan. Our DTI is pretty high due to my student loans and stuff he has financed for his current business (mulching machines, etc.) What is the best way to get financed for this project. Land is going at 15k per acre undeveloped and 18-23k developed in our area. And this land is in an ideal area.

There is a need for housing in my town. There are two other apartment complexes that are sold out. Problem is there is no properties to buy. Is it worth it to try and build from the ground up?

I have a sheriffs deed on a property that I bought at a tax sale. There are no restrictions on the deed because the waiting period for previous owner to reclaim the land has expired. How do I transfer the deed to the new owner once he buys it? My husband said to scan the deed in and change the names and other relevant information and go have it signed and motorized? Is that sufficient?

I bought some land at the tax resale held at the court house. This land had already been to auction once and this was a resale because it was initially not sold. This land cannot be bought back by original owner as it has already been held for several years Due to not being sold at original auction. I have a buyer for the land but I have no idea how to redeed the land to this person as this was my first real estate purchase ever! I live in Texas.  The property is just vacant land. I was given Sheriffs deed!