All Forum Posts by: Alexandra Wright
Alexandra Wright has started 4 posts and replied 17 times.
Post: Why are options even necessary?
- Greensboro, NC
- Posts 17
- Votes 0
Originally posted by @Bob Baldwin:
Alexandra : Put your self in the sellers shoes . If I were the seller I might give you 10 days to get a Mortgage committment only . As far as Securing a Tenant that is pretty much on you . Again If I were the seller I would pass on it .
Have you at least gome to a bank to see where you stand for mortgage qualifications ?
With all due respect, I'm not selling to you... This is a motivated seller so what YOU would do doesn't answer my question. I'm talking about a motivated seller. This isn't a sfr.
Post: Why are options even necessary?
- Greensboro, NC
- Posts 17
- Votes 0
Hi, so I'm looking to tie up a property but I'm short on capital right now, and don't want to put any money down in a non-refundable option until I've secured a tenant for the property. Is there any way that I can draft an offer to purhase contract contingent on securing financing and contingent on securing a tenant? I need to control the property somehow, because I don't want competitors or the tenant to take the deal out from under me. However, I want to make sure that if I can't find a tenant to lease the property to and the deal falls through, I won't be held liable or vulnerable to a lawsuit. Any help would be greatly appreciated! Thanks :)
Post: What's the best way to protect the deal?
- Greensboro, NC
- Posts 17
- Votes 0
No one answered in the other forum, so I figured here might be a good place!
Say I see a property and know who the perfect tenant/end buyer would be for it. I want to get control of the property so I can rent or sell it to the end buyer, but I need to get some sort of commitment from the tenant/buyer first before I would buy the property so I can mitigate risk! What is the best way for me to have full control over the property long enough to successfully put the deal together and protect myself from:
- The attorney who looks at the contracts and sees the fat profit I'm about to make and decides he can afford to risk a bit of money so he steals the deal from me
- The broker who gets wise to what I'm doing and convinces the seller to sell to him instead
- The tenant/end buyer who feels like they would save money if they just wait until my offer to purchase contract expires so they can go directly to the seller and cut me out of the deal
- The seller who gets jealous as soon as he figures out what I'm doing and how much I'm going to make, and cancels our contract or provides more red tape so that my contract to purchase the property expires and he can rent or sell the property for a bigger profit.
Any clauses, contract ideas, and other strategies to protect myself as much as possible would be greatly appreciated!
Post: What is the BEST keep control of a property prior to closing and protect myself from getting squeezed out of the deal?
- Greensboro, NC
- Posts 17
- Votes 0
bump... Please help!
Post: What is the BEST keep control of a property prior to closing and protect myself from getting squeezed out of the deal?
- Greensboro, NC
- Posts 17
- Votes 0
*Best "way to"... Not sure how that part ended up missing, lol
Post: What is the BEST keep control of a property prior to closing and protect myself from getting squeezed out of the deal?
- Greensboro, NC
- Posts 17
- Votes 0
Say I see a property and know who the perfect tenant/end buyer would be for it. I want to get control of the property so I can rent or sell it to the end buyer, but I need to get some sort of commitment from the tenant/buyer first before I would buy the property so I can mitigate risk! What is the best way for me to have full control over the property long enough to successfully put the deal together and protect myself from:
- The attorney who looks at the contracts and sees the fat profit I'm about to make and decides he can afford to risk a bit of money so he steals the deal from me
- The broker who gets wise to what I'm doing and convinces the seller to sell to him instead
- The tenant/end buyer who feels like they would save money if they just wait until my offer to purchase contract expires so they can go directly to the seller and cut me out of the deal
- The seller who gets jealous as soon as he figures out what I'm doing and how much I'm going to make, and cancels our contract or provides more red tape so that my contract to purchase the property expires and he can rent or sell the property for a bigger profit.
Any clauses, contract ideas, and other strategies to protect myself as much as possible would be greatly appreciated!
Post: Tax Delinquent List Request DENIED! Please Help!
- Greensboro, NC
- Posts 17
- Votes 0
Originally posted by @Shanequa J.:
Did you even look at the website I provided or play with the fields? Bc if you did, you would see that you don't need a specific property address.
Oops... Sorry lol, I as soon as I saw the web address I knew I had already been to the website, but I've never clicked on the tab you have it set to, thank you soooo much - this is really helpful :) I love Biggerpockets, you guys are amazing! Thanks for your patience with me, I'm new at this and I'm also pretty young so I don't have a whole lot of experience yet.
Post: Tax Delinquent List Request DENIED! Please Help!
- Greensboro, NC
- Posts 17
- Votes 0
Originally posted by @Shanequa J.:
Its not hard to find anything in NC. There's no such thing as private information. That's what I loved about the state. I used to go directly to the Cumberland County tax assessor's website and search for the data. Ahh, the good old days. Everything is so guarded here in Texas.
Google is my friend. Make it yours too. Here ya go. Guilford County Tax Department
Originally posted by @David Hall:
Some NC counties post this info online. Ie, catawba county has it as part of their GIS info. You can look at a property and see if the taxes are current or delinquent. And how much they are.
Thank you both, but I already knew that I could look up a property by it's address/parcel i.d./ owner name, etc. and get the tax info and assessed value - that's not the problem at all. The problem is that I don't have the property addresses to begin with. I'm trying to get an assessor's roll or tax delinquent property list, and they refused to give me either...
Post: Tax Delinquent List Request DENIED! Please Help!
- Greensboro, NC
- Posts 17
- Votes 0
Originally posted by @Derek B.:
@Alexandra Wright as @Account Closed pointed out, there's a difference between information that is public and to which you are entitled vs the county having to provide that information in a list set to your specifications. Almost every county here offers the ability to look up a property by owner name or address, then look at the property tax bill history for that property and whether or not taxes are paid/current. The information is there, just not always in a perfect list. Some counties in our state, including yours Alexandra, do offer a search function where you can find just the delinquent records, filtered by tax year and amount owed. Thats a bonus when its published that way.
And try to go easy on the people at the county tax office. They are just trying to do their jobs the best way they know how. You would be surprised, or maybe not, at the number of requests they receive for lists of various types.
Well, thanks for posting an I understand what you're saying. I was just taken aback at some of the rudeness I encountered, it's not that they said "no" as much as it is the WAY that it was said. I don't feel entitled - I guess I just had different expectations as to how this would go after buying a course upwards of 1k that told me I would be able to do this... Can you please explain to me how Iook at ALL of the delinquent records that fit my criteria ( I'm interested in a niche target so it's not like we'll be competing for the same properties). I'm well aware of the property search website, but I don't have an address - that's the whole point of getting the list... Does that make sense? How do I look at the tax delinquent properties without having a property address?
Post: Tax Delinquent List Request DENIED! Please Help!
- Greensboro, NC
- Posts 17
- Votes 0
Originally posted by @Todd Plambeck:
You might need to file a FOIA request. Here's a link to a sample you can use in NC:
Great, thank you so much!