All Forum Posts by: Erica Williams

Yes. It's my first time. Also, its a 1bdr/1bth. I would like to start small. Then move to single and/or multi-family units. 

Thank you for your response. I appreciate your input.

Hello,

I am considering purchasing a condominium in Houston, Texas-Harris County. On the company's website it stated the property was not affected by Hurricane Harvey. However, the property faces Braes Bayou. 
Also, I logged unto the Harris County Tax Assessors Office the property appraised for $24,500.00 with no liens. They are selling the condo for $52, 900.00 owner finance with $3,500.00 down. Is this a good deal, steal, or neither?
Do they have the right to sell the property at that amount? 

@Paul G. Thank you!

Hello, 
I saw this topic on BiggerPockets 4 years ago. However, the member was in Witchia, and real estate changes.

Most importantly, how many mortgages can I have in Houston,Texas- the State of Texas?

Thank you in advance.

@Manolo D. Thank you. I understand. The forum audience stated I needed collateral. Again, thank you!!!

@Alex Deacon I'm just asking because my credit score is 750. However, I wasn't sure if a few negative items would bring my score down. Last I checked, my score was 750.

Yes. However, I've heard not so great stories about collateral. I have paid for inherited property that I choose not to put up for collateral.

Hello,

I would like to know. How does using a line of credit used to purchase single family homes?

For instance, could I ask the bank or credit union for a line of credit to purchase single family homes without down payments, but with a median credit score 620-650?
 Are there programs I may qualify for in Houston, Texas, or Texas in general?

Hello,

I would like to know. How does using a line of credit used to purchase single family homes?

For instance, could I ask the bank or credit union for a line of credit to purchase single family homes without down payments, but with a median credit score 620-650?
 Are there programs I may qualify for in Houston, Texas, or Texas in general?

@Matthew Paul. I do not believe all tax accessors work the same for ever county. Therefore, I think the information is contrary according to other inverstors who have responded to my question. Most of them appear to be knowledgeable about Tax Sales and on similar paths. However, I do appreciate your input.