All Forum Posts by: Huck Nguyen

 nbi-sems.com (its for lawyers) but has great classes on the legal stuff behind title work.

Also Attorneys guaranty title has a good class as well.

Here's my opinion on Dustin. I don't think they are scammers by any means. Like most guruish programs there is a lot of motivational stuff and prompting to action. I believe it is cheaper to read all of the Robert Kiyosaki Rich Dad books for that. If you are ready to go and have $5000 that you can easily afford AND you are interested in Philadelphia or Houston deeds, you could learn something. His cheaper stuff is worth it for basic stuff life tax sale dates and some forms. But it is mostly trying to get you invest in many states. Telling you you can have financial freedom by doing this. I do know of one guy that does this and does very well. But here's the thing about tax sales. Every state is so very much different with every county with slight differences. It is not possible for anyone to teach you all areas and the how-tos of each. You have to learn that yourself by reading the county website. In my opinion, one should start in his own area, if possible. Like Florida, in your case. Even with all that online bullcrap, I think you could find a mentor of this site to help you and learn more for less. 

Dustin's cleaned up a bit but I used to say that if this stoner could do it, so could I (I know, I shouldn't have said that).   And I did with tax liens but not so much with deeds. 

This is not a recommendation or advice, just letting you know about this. The guy that used to take people on their Houston quit Dustin and now has a facebook page, Tax Liens & Deeds and Beyond. He is organizing a trip to Houston for free to train people. The teachings free, you have to pay for airfare and hotel, I'm assuming. 

Hope that may have been worth two cents. 

Baytown is not Sunnyside, but it's a **** place. Wouldn't invest in that area, personally. But 99% of folks here strictly look at numbers and never realize why numbers fit even in such financial environments.

There's moderate demand for rentals, no reason to pause or concern yourself on why it's vacant. The real issue is just investing Baytown, it's not up and coming. I don't know who the heck says that besides one's selling something there.

It depends. If you know the neighborhood well and know it's not a neighborhood issue, it's most often just a result of poor management. High vacancy, lots of uncollected rent, high evictions, and long turnover times (as a result of slow turnover process or poor marketing/placement to fill vacancies) are very common results you'd expect from a bad property manager/landlord, which will lead to this "no tenants" issue. Usually these properties present the most opportunity though because you can quickly bring them up to par and rent them out for market rents (expediting your stabilization period) as opposed to waiting for turns to fix up and fill units. Unless its a perfectly turn key deal with market rate tenants, you'll actually have more control over a property upon closing with vacancies than if it had tenants. Hope this helps!

This is how I analyze risks and make risk-adjusted return decisions:

Identify the Risk: Vacant units could be a sign of high vacancy rates. 

Make Assumptions: Consider possible reasons like a tired landlord, property in rough condition, or a bad location.

Confirm Assumptions: Ask the seller and consult local experts (property managers and real estate agents).

Update Assumptions: Incorporate the new information.

Adjust Analysis: Integrate the updated information into your analysis. If the vacancy is due to location, you might require a higher ROI to compensate for the increased risk. Alternatively, you may need to factor in a larger repair budget to address the vacancy issue, effectively eliminating the risk.

@Huck Nguyen Am currently buying a vacant property. The sellers are in their 70s and just don’t want to be landlords anymore. They mostly renovated and only a few small things came up in the inspection.

Ask questions, get an inspection, and make sure it’s in a decent area where there are renters and that renters will want to live there.