Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: George Harris

George Harris has started 4 posts and replied 13 times.

Post: Property Managment of Manufactured Homes (Mobile Homes).

George HarrisPosted
  • Frankfurt Am Main, Hessen
  • Posts 13
  • Votes 1

Hi all,

Has anyone ever hired a property management company just to manage mobile homes (not in a park, but on individual pieces of land)? Anything I should be looking out for, asking, etc.? I have a company that does this for my SFHs, but they don't do mobile homes, which is why I'm asking.


Thanks!

Post: Quiet Title vs Tax Title Services

George HarrisPosted
  • Frankfurt Am Main, Hessen
  • Posts 13
  • Votes 1

@John Underwood Thanks! I will try this out with one of my properties and see how it goes. Any advice you can give regarding tracking down/approaching the parties? I have the title searches already of course, if that helps. 

Thanks again!

Post: Quiet Title vs Tax Title Services

George HarrisPosted
  • Frankfurt Am Main, Hessen
  • Posts 13
  • Votes 1
Originally posted by @John Underwood:
Originally posted by @George Harris:
Originally posted by @John Underwood:

It was not hard at all. Some I have sent a letter to after finding their new address from a recent speeding ticket, another I found them via Facebook. All I offered them  $200 for their time to sign QCD and got it notarized at a bank. Recently I tracked down a guy and got him to sign it over before he lost it. Then I paid the taxes and got the 10k back that I had paid for the tax lien. 

I have never done a Quiet Title. I have cleared them myself or sold a few to another investor for cash with a QCD. Most I keep and rent for forever with just my Tax deed. No need to clear these if I just want to keep them for passive income.

That makes sense, but in my case, I would eventually like to use the equity in the properties to purchase more of them. From my research, the only way that can happen is if I can get title insurance, which means either a quiet title, or using something such as Tax Title Services.

 I have got real title insurance not what Tax Title insurance provides. I have done this without a Quiet Title. I have removed the cloud from the title by tracking down all previous owners and getting them to sign a Quit Claim Deed and a mortgage release when applicable. Then I have gotten normal title insurance and sold with a general warranty deed. This cost me $400 instead of $4000.

Thanks John. How would it work if the property had some sort of lien on it? Mortgage release instead of QCD?

Post: Quiet Title vs Tax Title Services

George HarrisPosted
  • Frankfurt Am Main, Hessen
  • Posts 13
  • Votes 1
Originally posted by @John Underwood:

It was not hard at all. Some I have sent a letter to after finding their new address from a recent speeding ticket, another I found them via Facebook. All I offered them  $200 for their time to sign QCD and got it notarized at a bank. Recently I tracked down a guy and got him to sign it over before he lost it. Then I paid the taxes and got the 10k back that I had paid for the tax lien. 

I have never done a Quiet Title. I have cleared them myself or sold a few to another investor for cash with a QCD. Most I keep and rent for forever with just my Tax deed. No need to clear these if I just want to keep them for passive income.

That makes sense, but in my case, I would eventually like to use the equity in the properties to purchase more of them. From my research, the only way that can happen is if I can get title insurance, which means either a quiet title, or using something such as Tax Title Services.

Post: Georgia Tax Deed (Redemption Period)

George HarrisPosted
  • Frankfurt Am Main, Hessen
  • Posts 13
  • Votes 1

@Kiet N. Interesting. Can you provide the attorney's contact info here (or pm if that's not allowed here)? Thanks!

Post: Georgia Tax Deed (Redemption Period)

George HarrisPosted
  • Frankfurt Am Main, Hessen
  • Posts 13
  • Votes 1

@John Underwood In Georgia, we have to pay those taxes as soon as the auction is over and any taxes that come up during that 1 year redemption period. I'll definitely look into it though. Thanks! 

Post: Georgia Tax Deed (Redemption Period)

George HarrisPosted
  • Frankfurt Am Main, Hessen
  • Posts 13
  • Votes 1

Hello all,

If you purchase a tax deed in Georgia, is there anyway to get around the 1 year redemption period (assuming that the owner doesn't redeem)? For example, having the owner Quit Claim Deed the property to you?

Thank you!

George

Post: Quiet Title vs Tax Title Services

George HarrisPosted
  • Frankfurt Am Main, Hessen
  • Posts 13
  • Votes 1

@Roman M. thanks! This is what I thought as well. (Minus the 2 years part). Guess I'll go with the QT.

Post: Quiet Title vs Tax Title Services

George HarrisPosted
  • Frankfurt Am Main, Hessen
  • Posts 13
  • Votes 1

@John Underwood how hard was it to get the previous owners to agree to a QCD? Another side question, could you do this before the redemption period is up (assuming there is one for where you did/are doing business in) instead of waiting that year (or however much time) before you could legally take ownership of the property? 

Post: Quiet Title vs Tax Title Services

George HarrisPosted
  • Frankfurt Am Main, Hessen
  • Posts 13
  • Votes 1

Hello all,

Does anyone have any experience in (or knowledge) of the difference between a quiet title action and using Tax Title Services (or a similar service)? 

From what I can tell, Tax Title Services is partnered with a few law firms/title search companies across the nation and basically "vouches" for all of the paperwork of your property (which you acquired via a tax sale/lien) being good to go. From there, the title company (the one partnered up with Tax Title Services will issue you title insurance).  

Is quiet title basically the same thing (except done via a legal process), but would allow you to get title insurance from all title companies (minus the speed from the above method?

Thanks!

George