All Forum Posts by: David Daniels

@Jerry Puckett

Hey jerry I did call stewart title for tax data, they told me they cannot release any kind of information to a third party....which confuse me a little...they didn't know what a absentee owner list...But I called another company and they said they could help with a AO list, still waiting for a email

@Antonio Coleman 

Thanks Antonio

@Antonio Coleman 

Hey Antonio are you referring to SEO and landing pages? I do have some experience in internet marketing. I was going to have that as another one of my marketing strategy after I had a couple deals under my belt and I got more educated on Real estate. But it makes sense to start now.

@Ned Carey 

Ok now it sounds familiar, I will check it out thanks Ned.

@Chris Martin 

Thanks Chris, I'll be sure to look into that

@Jerry Puckett 

Hey Jerry I have nothing against Melissa data or list source, I have heard good things about them. So I look forward in using them in the future. As of right now Im looking for cheaper and effective ways in searching for absentee owners. I don't have to much to budget with marketing, and don't want to wait until my job to pick up for work. So you see im kind of on a stand still if i was to wait. but I thought I would try and get ahead start and  obtain a list before I use list source.

Another thing jerry what do you mean about Houston hasn't upgraded to realist?

hey bp

Im slowly compiling my marketing list to absentee owners. I decided I would do it by using my county tax assessors office (Harris) here in Houston Tx.  Well in the last half hour I found only five AO online, so far its time consuming. What other way can I obtain a list faster besides melissadata or listsource. I heard of title companies might be generous enough to give out a AO list. Any ideas?

Thanks David

@Dawn Vacek 

 thanks

Hello Bp

Hey I been coming across houses that look like deals but are really not. What should I watch out for and what are good things to look for before purchasing a property. I know in some communities, "schools" may be a driving factor  and the supply and demand of property values will go up. Lakes might be a good thing, but you might have high insurance that would kills cash flow. I know people like to live close to freeways, downtown, hospitals etc and other fancy communities. crime rate will lower value of the property. The best way I found out is to call realtors in that area who are selling to find out why houses are selling higher because every community has their own personality.

So the overall question is what can make an area more desirable?

what should I watch out for?

http://houston.craigslist.org/reb/4907129706.html example this one has a nice spread I think houses are being sold for 200k, the listing price is 125k.

@Josh C. 

 thanks josh

@Curt Davis 

 Yea your right Curt, it was a bad example

Hey bp

just a quick question that been floating in my mind for a while, I probably already know the answer but I like to overthink things for some reason. Ok when you buy a pre-foreclosure or say a home with 40% equity....Are you just paying for the note on the property, so that would be your discounted price right?. And what else additional cost are there?

for example, if I found a house with a fmv of a 150k with 40% equity. Am I getting the house for 90K? because all I have to do is pay off the bank right?

now lets say if I need to put in 40 k repair into it, would I need to apply the 70% formula on the fmv minus repair. which is 65k for my max offer. if that is so, what about the 90k loan? would I need to try negotiate with the seller to come up with a difference and have him pay off the remainder of the loan at 25K.

(I would use a subject to existing financing deal for this example, but I still need to know how things work expand my brain please)

Thank you

-David D