All Forum Posts by: Connor Heim

Howdy!

I just bought my county's delinquent property tax list, and the tax office people are not at all helpful. They won't provide any assistance in interpreting the data. My file is 176MB of data in a txt file. I called and asked for some assistance in understanding the format and they told me they don't provide assistance, just the data.

Here's one record. There are about 300,000 entries:

000000010054R 000300-0011-0020 000000331000WHITE LARRY D & SALLY S PO BOX 5606 BRYAN TX 77805-5606 YA000300, MOSES BAINE, TRACT 11.2, 15. ACRES 00000000000000000000000007334698000000237993G1 201600000012508500000000026222000000000026222001312017 0000000000111653000000000001552300000000000558270000000000007761HALF_S 00000000 HL 000000000000000011302016 000000000006358806302017 0000000000000000 0000000000000000

This is a mess to figure out! Anyone?  Anyone?

Thanks!

Connor :)

Howdy!  I'm interested in investing in Florida Tax Certificates.  I understand that two years after the tax year, if they haven't been redeemed, you can apply for the tax deed sale.

I also understand that the certificate holder has no priority in the tax deed sale, but rather the buyer of the deed is responsible for paying all costs to redeem all certificates outstanding on the property.

What I DON'T understand is what happens if there is no buyer at the tax deed sale.  Does the certificate holder then receive the deed to the property?  And if so, what happens to other outstanding tax liens?

For instance, if I hold the lien for 2014, force the sale in 2017, and no one bids, do I receive the deed?  What happens to certificate holders for 2015 and 2016?

Thanks for any insight!

Connor :)

I just bought the Brazos County list, and the tax office people are not at all helpful.  Just charged me $100, made me wait a week and then I had to come back and pick up a physical CD.  Worst of all, they won't provide any assistance in interpreting the data.  My file is 176MB of data in a txt file.  I called and asked for some assistance in understanding the format and they told me they don't provide assistance, just the data.  

Here's one record.  There are about 300,000 entries:

000000010054R 000300-0011-0020 000000331000WHITE LARRY D & SALLY S PO BOX 5606 BRYAN TX 77805-5606 YA000300, MOSES BAINE, TRACT 11.2, 15. ACRES 00000000000000000000000007334698000000237993G1 201600000012508500000000026222000000000026222001312017 0000000000111653000000000001552300000000000558270000000000007761HALF_S 00000000 HL 000000000000000011302016 000000000006358806302017 0000000000000000 0000000000000000  

This is a mess to figure out!

Howdy! Looking into using equity in my home to start investing. From what I understand, TX has some rules that I need to be aware of. HEL can be up to 80% of value, and HELOC up to 50%.

My home is worth about $750K.  I owe about $300K, so we've got around 450K in equity.

According to TX rules, I should be able to get a loan for up to 600k, but since we have 450K equity, would I qualify for a full 450?  Or just 80% of my equity?  

Kind of confused and would love a little guidance.

Thanks!

Howdy!

I'm a new-ish BP member and I'm looking to purchase a condo in Sarasota, Florida for personal use and to offer as a vacation rental.  I've found a community that I like and that allows 1-week minimum rentals (part of my criteria).  Currently there is only one unit for sale in the community, and it's priced at $250k, and is now pending purchase.

I've gone to the county tax records and pulled up all the owners who own in this community.  I then looked at those who have owned for at least five years and, based on purchase price, have significant equity in the units.  I created a spreadsheet with all the pertinent data.

I've put together the following letter that I plan to send to the 81 owners I've identified (95% of whom do NOT live onsite). 

Dear Ms. (Last Name),

I am writing to you regarding your property at (unit address), Sarasota, FL. I’m interested in possibly purchasing your condominium and wondered if you have considered selling it.

I lived in Sarasota many years ago, and my family has been discussing moving back on a part-time basis.

If you have an interest in selling, please call me at (phone number), or alternatively you can email me at (email address).

Thank you for your time and consideration.

Sincerely,

Connor Heim

I'd love to get feedback on this strategy and what you might do differently to find a seller.  

Looking forward to your replies!