All Forum Posts by: James Baker

Hello BP,

I have been trying to get a list of delinquent taxes from the Kent County Treasures office here is Grand Rapids.  When I spoke with the office, I was told that strategy doesn't work and home owners do not like people knocking on their doors.  I was a little taken back by his assessment of real estate investing and strategies associated with it and gave me the impression of not knowing what I am doing.  There a list of 2000 properties at .25 cents a property to obtain the list.  I got a feeling that I may be inconveniencing him by asking for a public list. Has anyone had any experiences with a situation with the cost of the list and getting past the first line of defense, e.g., the OFFICE itself?

@Elizabeth Wilson Thank you for your advice and I will definitely be using these tips. Is wholesaling something you mainly focus on? As you can see, I am pretty green in the world REI. My initial plan is to give leads directly to wholesalers for a couple of hundred dollar fee. I would also ask if I could sit in on one of the closings in order to learn more about the entire wholesaling process. Have you heard of anyone who has tried something like this in the past?

Hi,

From driving for dollars, I got some good addresses that may lead to something.  I wanted to ask the BP community what would be the best verbiage that people have had success with in the past for writing wholesaleing letters.  Any subject matter experts would be appreciated.  Thank you in advance.

Many Vets are not aware that you can have two VA home loans at the same time. For example: let's say you buy a Multi-family house as your first purchase. If you still have any down Payment benefits remaining, you can buy a second multi-family house, only if you intend on living in it. The VA allows you to use up to $50,000 as a down payment, that you are entitled to, which the VA backs. This means if you buy your first multi-family for $200,000, you would have used $25,000 of your down payment benefit. That means you still have another $25,000 to use towards your second purchase. I used the 200k to keep it simple. They say the VA home Loan is not meant to be used as a investment property, but if down right, you could have up to 8 units in total within a couple of years. Now that is a gold mine with no money down. It's great to be a Veteran.

And one more thing. The funding fee is waived completely if you have a certain rating from the VA.

@Josh Carr

Thanks for the links.  It's a wealth of information.

Hi everyone,

I wanted to know if anyone could point me in the correct direction when it comes to finding tax lien and code violation houses within my county?  Is there a specific avenue that is used or is it different for every county?  Thank you in advance for your help! 

Thank you.  Very informative info.

@Chris Mason

Thanks again

@Chris Mason

Can you clarify what you mean with the $2500? 

Hello BP,

I am looking for subject matter experts with VA investing or just people in general who know what they are talking about. As most you know, the VA home loan has slightly stricter guide lines than conventional loans. With that said, are there opportunities for foreclosures using the VA loan? Are there ways of finding properties that are under market value but still pass the VA standards in order to create some kind of forced equity? I would like to try the BRRRR strategy but am not sure if that is feasible with this type of loan. Thank you in advance and I look forward to your informed responses.