All Forum Posts by: Charles Nguyen

@Tom Cooper - Thanks for the mention.

@Al DiTullio - You are more than welcome to join our next meeting which happens to be tonight.  I am not sure the forum rules allow me to post details in non-event forums, so you can look at my posts for event info.

Reminder:  Our next monthly meeting is next Wednesday. 

Click here to ==> RSVP

@Greg Srader - If you don't end up doing the deal, let me know.  We'll be glad to take a look and pay you a fee accordingly.

@THU NGUYEN - Agree with Chris and Michael about low equity/low to zero cash flow/leaving the owner in place.  

Sub2 with an Owner Finance Wrap is an option depending on the current loan terms. Good luck!

@LaTonya Johnson - I have not been to the auction myself for a few months.  I normally go when one of my friends want to "experience" the auction.  From their words, "It's a zoo!".  Lots of auctions going on simultaneously, and it is not a place for the faint of heart.

I always recommend that people should go experience it for themselves.  However, if you plan to place a bid, make sure you know what exactly you're buying.  

Tax liens in Texas are superior to mortgages.  If the taxing authority does what they are supposed to and notifies the mortgage holder, then they get wiped out at auction.  As you alluded to make sure you understand the redemption rights of the owner and plan accordingly.  You might not be able to get title insurance until the redemption rights have passed.

Also, make sure you understand what year the taxing authority is foreclosing on.  For example, if the judgment was for 2012 taxes, there is a strong chance taxes for 13, 14, 15 have not been paid.  The new owners of the house may be responsible for those taxes.  I have seen many investors who bought at the auction and had no idea they were immediately on the tax delinquent list.

Good luck!

Did you know taking over someone's mortgage payment is possible?

Do you want to be one of the investors who are using this to build wealth?

How many deals are you losing because you are not using this deal structure?

How many houses can you buy if you didn't have to buy them with cash?

Join us at our next FREE Meetup on Wednesday, October 26th @6:30pm where show you how to perform a subject to deal.

RSVP ==> CLICK HERE

Understanding the right way to put this type of deal together will mean the difference between getting a Real Deal or getting a dud.

If a seller says, "I am about to be foreclosed on, and I want to sell my house fast.", will you know how to put it together?

Do you want more tools in your toolbelt?

How do you get sellers to agree on terms?

Can you afford to miss the meeting?

Those are just some of the questions that will be answered.

As always, there will be plenty of time for networking with your fellow Real Deal makers.

RSVP Today ==> CLICK HERE

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Our agenda will include:

6:30 – 7:00 pm: Networking and Deal Making with your fellow investors (both new and active)

7:00 – 7:15 pm: Deals (Bring your deals and checks)

7:15 - 7:30 pm: Case Study

7:30 - 8:15 pm: Main Discussion

8:15 – 9:00 pm: More networking and Deal Making

____________________________________________

When: Wednesday, October 26th

Time: 6:30pm - 9:00pm

Where: Black Labrador

Dress: The dress is always casual

Investment: There will be no charge for this meeting.

Parking: There is a FREE parking garage directly behind the restaurant.

___________________________________________________ 

CLICK HERE TO ==> RSVP

@Michael Le - Sounds good buddy.  When you close that deal, maybe we can do a case study on it at the meeting?  We'll chat.

Do you want to know where the Big Money is investing?

Are you looking to 10X your returns for the same amount of work?

Have you wondered how to get started in Commercial Real Estate?

Join us at our next meeting on Monday, September 12 @ 6:30pm to learn more about the differences between residential and commercial investing.

RSVP ==> CLICK HERE

Our guest speaker will be Russell Simmons, and he has been buying property since 1978 (when he was 18 years old). Since then he has built his real estate brokerage business and maintains an active portfolio of residential, commercial, multi-family, and industrial properties.

Russell will encourage you, entertain you, and show you the step by step process of how to safely add commercial property to your portfolio. Here's a couple other things he will cover:

Are you ready to add commercial real estate to your financial plan?

Do you want to see how anyone can start investing in larger properties?

RSVP Today ==> CLICK HERE

____________________________________________

Our agenda will include:

6:30 – 7:00 pm: Networking and Deal Making with your fellow investors (both new and active)

7:00 – 7:15 pm: Deals (Bring your deals and checks)

7:15 - 7:30 pm: Case Study

7:30 - 8:15 pm: Main Discussion

8:15 – 9:00 pm: More networking and Deal Making

____________________________________________

When: Monday, September 12th

Time: 6:30pm - 9:00pm

Where: Black Labrador

Dress: The dress is always casual

Investment: There will be no charge for this meeting.

Parking: There is a FREE parking garage directly behind the restaurant.

___________________________________________________

RSVP TODAY ==> CLICK HERE

@Felipe Carrillo - Look forward to meeting you on Tuesday!  It will be a lively event!

@Michael Le - Thanks for the shout out!