All Forum Posts by: Jennifer Watson

I have two rentals right now in Tuscaloosa and have bought and sold a several more over the years. It is tough to find properties that make sense right now if you are planning to rent them out long term for cash flow. There are a lot of parents etc who buy just to save money on housing costs, so the prices near UA are inflated. We did STR for about 10 years and did well until the city imposed restrictions that just made it too much of a hassle. Our last purchase was in Northport in an area geared towards families, and I am looking for another property similar to that.

I am familiar with the intricacies of foreclosure sales, redemption, etc and have bought two properties from foreclosure sales.  There is a property that interests me that is being sold through a sheriff's sale, it appears due to the owner owing Alabama taxes.  Is there any real difference between the two types of sales or do they function the same way?  The specific property doesn't have a mortgage (which is probably why the state is conducting the sheriff's sale) but looks like it may have an IRS lien in addition to the state tax lien.

I received a quote this year 18 months after I sent in the request.  I had given up on it.

@Gregory Stanley, Baldwin is 4/29 online

I was worried that might be how it went.  Thank you for the info!

I am curious if anyone attended and/or purchased at the Baldwin county sale last year?  I saw

@Denise Evans great write up about the Shelby county sale and was wondering if anyone had perspective on how Baldwin went since it is coming up shortly this year.

Hi All! I am new to the forum, fairly new to actually owning investment real estate (have been a landlord for about 8 months now!) but have been reading on the subject for several years and so far, made my first deal a good one.

I am looking at bidding on a HUD owned home with my sister. It has been sitting for about 35 days on the market. The price has not been reduced. Someone told me a while back that you can bid aprox 13% below the price and get accepted, but I have also heard they will take less if the property has sat for a while. Is there a consensus about this? Any thoughts? She will be bidding owner occupied if that matters.

Also, I am trying to figure out the 'net to hud' thing. I understand the agent's percentage can be included and thus reduce the 'net to hud' - can we negotiate the agent's percentage or is the 5% automatic? If HUD pays the closing costs does this also reduce the 'net to hud'?

Ok...last question! How long does a property typically have to sit before HUD reduces the price?

Thanks in advance!