All Forum Posts by: Connor Heim

Eek! With regards to the oven, it's not unlikely that it caught fire if it was particularly dirty. Even with self-cleaning, you need to pre-clean by removing chunks of stuff that's in there. I once had my oven catch fire when I was toasting some almonds and forgot about them.

Wow, that would be SOOOOO fun! A bigger pockets UNconference would be amazing.

I'm sending letters to delinquent tax property owners. I received my first call (yay!). Nice guy and enjoyed chatting. When he asked me how I got his name and address I just said something along the lines of I looked up some properties and saw he'd had it for a long time and wondered if he'd like to sell. Clearly I don't want to embarrass someone by saying "I got your name from the list of people who don't pay their taxes" Anyone have a recommendation? What would you say?

BRRRR works when buying a property to rehab, then doing work that adds value/equity. For instance, buy a place for 100k, put 30k into it, but now the ARV is 160k. You've upped the equity by 30k, and you can cash-out refi based on a value of 160k, pulling out much of the money you put in.

100% necessary. Account for it in your expenses and charge accordingly.

I *think* Texas law caps HELOCs to protect homeowners. So 80% may be the max.

Only when you are getting ready to sell :)

Great job Molly! Did you use a builder or contract everything yourselves? $100 per square foot is a great price.

Great synopsis. Adding it to my reading list!!

Typically a tax foreclosure is first position lien. It wiped out lower positions such as mortgage or mechanics liens. The only exception is IRS lien.