All Forum Posts by: Dennis Weber

You really need a lawyer to write the first one. You determine 3 of 4 things. 1)Number of payments 2) interest rate 3) amount of down payment. 4) payment amount. Use the 10-10-10   method if you want to sell the note later without much discount. 10% down 10 % interest, 10 years. The down payment is the most important of the three. 

Over $30k for tax lien training!?  Someone’s out of their fricking mind!  Heck!  I’ll sell training for 10k and still be ripping them off!

I agree with @Wayne Brooks  is it just going to tax lien sale or is redemption period running out?  If it’s just going to lien sale then you got time. Make the taxes your down payment. I have a question though. Why didn’t he pay taxes? Was it because the property didn’t generate enough to pay them?

An important tool to use is the county’s gis site. It’ll give you a newer view. At least in my state. 

 You might look for a a title company that will insure it without a qt.

A lot of builders don’t care because your insurance only covers what it sold for and they have to do more to it. 

If you sell it to a neighbor who just wants to extend their property then it’s no big deal. Look up adverse possession in your state. 

It’s probably local but they’re only $1200 here. 

The borrower may have a chance of talking Chase into a short sale. You, on the other hand,  have no chance to talk to Chase about anything about this property. 

One of the great mysteries of real estate. How did the government come up with that value for my property?  I think you are incorrect thinking your triplex is any way identical to the sfr next door. Not the same. Take a look at your property card. There are check boxes that adds to your assessment. If you add a bathroom that increases your value and pulling permits will do it. So, I don’t really know but thought I’d pass along my assumptions. Do know that getting a loan has nothing to do with your assessed value. 

Indiana is a tax lien state. They are almost over with for this year. I’m only doing Marion County this year and it is next week.