All Forum Posts by: Denise Jdsmom

Hi, Happy New Year! 

I bought a piece of land through a tax sale in 2011, in 2021 I sold as-is, owner financing, through an attorney. 

I have the paperwork, but the attorney no longer works on this kind of stuff. I did several mistakes like not asking for a bank transfer and instead went through paypal and cashapp. He stopped paying in Oct 2022. I did not have any money to pay for attorney fees until now and was hoping for a flat fee. I can do some leg work to keep costs down if necessary. 

He said he wanted a space to take his RV and camp for a few days, like 4 months later he decided to call about perk and failed and then wanted his money back, even though it all went to attorney fees. He paid for about a year and then stopped giving excuses left and right. He is a criminal attorney and charges $350 per HOUR of phone consultation and the MONTHLY mortgage is $255. 

I'm not saying anything about how much he charges, just letting you know, that he can make that monthly payment in less than an hour. Now I find out he didn't pay the property taxes. 

In the meantime, should I pay the property taxes? I know it would still have to go to tax sale and even after that I have 6 months before foreclosure proceedings starts. And it might not be bought based on it being unbuildable.

Also, what kind of certified letter should I send out? Breach of Contract? Late Mortgage? Something else?

I don't want to do this solo but I have limited funds that I had to borrow to get, so if there is anything I can do to lower the cost, please let me know and I will try to do.

I don't think I gave an intro ever... 

I'm a mom of 3 boys and have been a real estate investor for a bit over 10 years. I wish I had done a thousand things differently in order to be like the successful people who are out here on bigger pockets, but at least I have always had food on the table. And that is something I owe in great part to real estate. 

I tend to be scared of risk and do things slower and safer, and as a result have missed out on potentially hundreds of thousands of dollars. 

I am now trying to get into wholesaling as well as selling off a piece of land I have, ideally by owner financing to get that passive income coming in, but as long as I sell it, I'm happy. I have a hoarder house that I always wanted, but never knew what the struggle would be, I was, obviously expecting to find... buried treasure!... nope just 7 layers of carpeting and linoleum, ugh. 

We put in a gas furnace and have yet to sell the oil one. We haven't put central AC yet, but we probably will, and with 8 BEDROOMS, I have to let my creativity run wild!! 

We had our 3rd boy 6 months ago and he is great, but it was a difficult time and I hadn't been able to get back in the swing of things until recently. But now that I am back, I want to get to the point of being comfortable in my wealth, because my back is starting to hurt! LOL 

Okay, intro over. Thank you for reading! 

Is there a contractor that can make windows? If I buy the glass and cut them to size can someone make them? 

I was quoted 9 months out to get windows! It takes longer for the windows to come than it took me to have another human being! MY GAWD!! WHY??

Any ideas as to where I can get faster windows? 

I have it posted on the MLS. I'm offering owner financing if they can come up with 35% down for 10 or 15 years fixed. I've taken photos of it, I asked 5 agents before pricing to make sure it was within range and even just a little below.

It's perked. I put some asphalt millings down so you can drive to the middle of the land with a small sedan type car. 

I'm not sure what I'm missing or where I should go to advertise the land. 
Thanks for reading!

I found a wholesale deal that I bought during 2020 and discovered it has 8 BEDROOMS (2 were missing closets and I've done them)!! Unforetuneatly it was under 3 30 yard dumpsters of hoard, the real work began and I'm missing getting windows and flooring. While working on that, someone said this could work as a Section 8 rental or become a duplex (since it is in a shady side of town), I did not plan on doing either. But after so much work on it, I'm consider this as an option. I am not leaving it showroom, HGTV ready because the area is not worth it. Even though I gutted the kitchen we are going to use corian and shaker cabinets that are wood color. Also the 2 bathrooms have newer stuff, but we need to replace the bathtub for the top floor. 

Anyways, it's 2000sf aprox and has a large yard of 5000 sf. It's in the city of the area. It is less than a 5 minute drive to all the local grocery stores, shops etc. 15 min to HomeDepot and Walmart. 

I was considering various options. 

1. Sell as-is 

2. Rent through Section 8

3. Rent through short term rental program

4. Fix up my travel trailer and rent that while living here and have the 2 year taxfree thing. 

5. Sell with it fixed up and ready for any inspection

I have rented out before, but I'm not in love with it. That said, this would be good passive money. A 2 bedroom 1 bath in this area goes for 850, but of course, everything fixed to the max. 

I've been posting a Tiktok video for my land, usually after they've seen it advertised and are asking directions. But I haven't really marketed it their, only on FB and the MLS... Do you think that TikTok is helpful or which social media platform have you seen with the best results?

I've bought from wholesalers and in general had a great experience. I hate that they are trying to make them go. They are useful, and are an asset. Instead of getting a person depressed about the whole idea of selling by means of telling them the thousands of mini items they need to make it worth the sale. They give a great out for walking away and sometimes making profit as well, win-win-win situation.

Hi Everyone! I'm in Maryland and have a house that I was originally planning on flipping, but found this as a possible way to make money as well. I am interested in finding people who are in the business of RAL and would like a long term lease. The house has 8 bedrooms, 2 bathrooms.

Main floor -- 1 bathroom (shower, no bathtub), 1 bedroom, VERY LARGE living room, as well as an additional small living room, dining room, mudroom and kitchen.

2nd Floor -- 1 bathroom (with bathtub), 7 bedrooms, no living area or any other area on the 2nd floor.

I don't really want to deal with getting a license or taking care of ppl, I just want my monthly rent paid on time. I honestly don't know a lot about Residential Assisted Living, Foster Adult Care or what have you. I found out about it yesterday and am starting into the rabbit hole. 

I am a mom of 3 and would be living in the RV in the back. Until we move on to our next flip, which should be later in the year. Which is why I was thinking of doing RAL, myself, I heard that I don't need a license for 1or 2 people (not sure if that is even true). I'm a SAHM (stay at home mom), since the pandemic, I've drastically reduced my time working in my profession. I do have medical background but no degrees, I can find help if needed, I just don't know how difficult it would be to:

A) Find clients 

B) Rent out rooms to them 

C) Pricing in my area

D) How much the insurance would run up for this and 

E) Fixes to property that are necessary in order for this to be done correctly

In an ideal world, someone would come by, walk around my property and tell me everything I need to fix and say, either, "Once you fix all this, I can lease from you for $XX or if you do all these fixes and want to avoid too much hassle you can rent it out to 2 ppl for $XX, in fact I know of 2 people and would love to get a commission from you if you decide to rent to them!" 

Again in an ideal world, that would happen, but I'd be happy with just getting pointed in the right direction, youtube videos that don't say a bunch of nothing then advertise a package, info on FB or other social media groups that have valid info on this and I can network or really any advice in order to start this journey. 

Hi Everyone! I'm in Maryland and have a house that I was originally planning on flipping, but found this as a possible way to make money as well. I am interested in finding people who are in the business of RAL and would like a long term lease. The house has 8 bedrooms, 2 bathrooms. 

Main floor -- 1 bathroom (shower, no bathtub), 1 bedroom, VERY LARGE living room, as well as an additional small living room, dining room, mudroom and kitchen.

2nd Floor -- 1 bathroom (with bathtub), 7 bedrooms, no living area or any other area on the 2nd floor. 

I don't really want to deal with getting a license or taking care of ppl, I just want my monthly rent paid on time.

This is the first time this has happened, and I haven't been able to get in contact with the RE attorney in charge of my case. I hired him in September and in November I received a check with the exact amount (not including legal fees) that simply stated, "Tax Sale Voided". I'm livid and have no idea even who to complain to! I was expecting 20% ROI in the year it was there and I was even counting the extra months, plus the attorney fees. And now, I not only didn't have that money to invest in something useful, but also I am in the hole for the attorney fees (or am I?)

Why didn't the attorney tell me?

Why did the county keep the money all this time?

What happens to my attorney fees that I was supposed to get back? Did I lose that money too? 

I've been trying for over a week to get a hold of my attorney and to no avail. 

Thanks for reading, hopefully someone on this forum knows.