All Forum Posts by: Mark S.

I recently purchased a 1,300 sq ft 3/1 SFR wood frame in Garland and it is doing very well. I found a tenant within 2 weeks at $1,200 per month. It is fairly nice inside with hardwood floors.I expect it to cash flow about $300 per month.

For the first time ever I received a yellow post card and a letter from different investors willing to buy my primary residence in Dallas, as is, for all cash (these mailings were received within 2 days of each other). A few weeks ago I received a post card from an investor wanting to buy my rental property.

I know the Dallas market is on fire but if these offers aren't top of the market indicators I'm not sure what are.

It kind of reminds me of the "flip this house" TV shows in 2006 and "We Buy Gold" commercials when gold hit $1,900/oz in 2011. 

Welcome @Ronnie Woolbright to BP Ronnie. I have a single family rental in Arlington and have thought about getting into multifamily one day as well.

@Mark Nolan Thank-you. I was under the impression they were more than a custodian as their website says this:

1. How can I acquire the Tax Liens?

Through us of course! Purchasing tax liens is not really convenient or easy. That's why we are here for you! As your individually contracted purchasing agent, we will attend a number of auctions throughout the year in various states. You will receive a flyer in the mail about 30 days prior to the auction informing you of the sale with information in regard to the interest rate and maturity for that particular state and county.

2. How does QPA know what properties to buy?

Prior to an auction, our purchasing department evaluates and does extensive research on each property going up for auction. This research includes looking at property cards, the sale history of the property, locating the property on a GIS mapping system, looking at comps of the neighborhood and being in constant contact with our real estate agents for their input as well. 

Thanks Joe. They advertise an average return of 8%-12% so it doesn't sound too good to be true. I'm just looking for stock market alternatives for a self-directed IRA. Texas is a Tax Deed state where I think you actually acquire properties at the auction - so it seems slightly more complicated than tax liens.

Does anyone have any experience investing in tax liens through Quest Property Associates? I don't see any forum posts on this company. Apparently you set up an investor account with them and they do all the leg work (for a fee).

I've seen a few posts on Biggerpockets where folks are getting inspection contingency periods. Perhaps you can write this into the agreement when the purchase and sale agreement is received from the seller?

@Bryan C. @Brian Eastman

 Thank you both for the advice. I did see several posts listing the reasons why the Solo 401k is better. I'm not certain I qualify for the Solo 401k but will investigate.

I see several different SD 401(k) and SD IRA companies (with checkbook control) being recommended in the forums which is great but also makes it hard to choose.

Are there any companies that can set up self directed vehicles but also assist you with various types of investments? I would like to use my 401(k) or IRA to invest in real estate notes, tax liens, and perhaps peer-to-peer lending. I'm not yet comfortable with jumping into these types of investments on my own.

Thanks for the reply Chris.

I had some foundation repairs done after I purchased the house so I am thinking the shifting foundation could have caused the drain to be dislodged from the vent stack. But I thought the worst case scenario would be a total dislodged connection - I'm sure if a whole new vent stack is needed they would ask for more money.