All Forum Posts by: Dwayne Smith

Hi, 

I am a young wholesale/fix and flip investor in the Brevard/melbourne/Cocoa/Merritt Island/Orange county area and I have what may be a great but also obvious question. I've watched videos on how to target tax delinquent properties and I have found how to access properties on the tax deed sales list (from Max Maxwell and other notable investors). My question is: In this particular market is it it possible to offer home owners who have their homes on the auction list a price that covers their back taxes and interest along with cushion money to sweeten the deal and buy that property free and clear? for example if someone owes 10k in back taxes and interest and thats the price listen on the tax deed auction sale pdf, can i offer the seller $20k and walk away with title to that home? I'm trying to understand because I also see that there are people who have invested into the property as "applicants" who must be the tax certificate owners who have invested into the deed, and if no one beats their price they automatically get title to the property? Why wouldn't they offer the home owner who is indebted to the IRS the $? I'm trying to understand the motivation and reasoning behind why things are that way and this way hopefully i'll adjust my strategy moving forward. My goal is to use this strategy as a means to find property for under market price value price. I've been doing this for some time and have had no luck. All advice and any knowledge is welcome. 

Hi, My name is Dwayne Smith. An architect and real estate investor from NYC and GA. I've been back and forth from NY to GA for the last 12 years and I have always known that I wanted to invest in Real Estate here. So this year as a newbie I am putting the plan into action, and looking to invest aggressively in SFR and Small MFR 1 - 4 units. Like most of you here I have thoroughly studied the bigger pockets podcasts and creative financing strategies and I am very interested in implementing the "BRRR" strategy. Typically to buy and hold. Knowledge is always welcome and I am always open to partnerships and fine tuning my knowledge, as well as offering some of the knowledge I have architecturally and even the real estate strategies i've learned through BP. The only wrench in all of this is that as I am not familiar with the area in its entirety, I am having trouble networking with a decent contractor that I can partner with/hire to help with the rehabbing process. Can anyone here suggest any good reliable and fair contractors in Georgia that they have personally worked with. Also any smaller sub contractors who work by trade would also be appreciated as well. Thank You.

Dwayne Smith l