All Forum Posts by: Cory Clay

BP,

I am purchasing my first property and I have run into a situation that I need help with. The property is listed for $95K. The property also has an $11K tax lien on it and needs about $18K worth of rehab. ARV of the property is $130K. I am looking to buy and hold this property. The owner needs at least $93K to pay off the note and back taxes owed.

My question: Are there any creative ways to get my purchase price below  $93K with the current back taxes?

Does anyone in the Houston area have suggestions for a real estate agent that works well with investors? I’ve figured out that all agents aren’t created equally!

@Pete Storseth you’re exactly right. Never know what’s a good/bad question until you ask or get experience! Thanks for your insight

@Ryan Johnson thanks for the insight 

Hi, this is for anyone that invest in Houston, TX or surrounding areas. I'm taking the steps to analyze deals in the search for my very first one. As a rule of thumb, do you use a 1% or 2% rule for narrowing deals down to really dig into? Any help is greatly appreciated! 

Hello everyone,

I am new to real estate and Bigger Pockets! I am here to learn as much as possible in order to secure financial freedom for myself, my family, and generations to come! I am interested in long-term buy and hold rentals, whether that is single-family or multi-family rentals. I am also here to learn as much as possible about any other strategies as well! I live in Houston, TX and can't wait to get started! Thanks BP and the BP community for welcoming me in!