All Forum Posts by: John Knight

If you would like to get paid on the lien then you should make your move before the end of the redemption period. If you would like to foreclose on the property you can only do that at the end of the redemption period. I do not have a lawyer that I can recommend because I had a bad experience with mine. That's why I told you when you get the title report review it carefully. I had one lawyer doing multiple foreclosures at the same time for me. He emailed me half of the title reports and told me everything was ok and clear. After more money and further due diligence I realized there were more liens on the property than anticipated. Also don't trust Google maps or any map that shows you the property. I foreclosed on a property in Ohio when I drove there the city demolished it in all it was, was a lot. I had a company that I was working with that wholesaled these liens to me and I use their lawyer bad idea! I can't prove it but I believe that's why did not get all the information about the properties until later.

John Knight here from Bridgeport Connecticut. I will definitely try and make it. I work nights but I will try and figure something out. Can't wait to meet you guys!

I have.. once the redemption period is up you have to pay the retainer fee to start the process. You do not have to use their lawyer just use any lawyer you feel comfortable with that specializes in tax liens.. (Make sure you run title and review it carefully) if no one contests, the original retainer should cover attorney costs.. during the entire process you need to keep paying the taxes on the property. ( double check this part because my tax liens were in multiple counties in multiple states ). It will then go to auction for original tax lien price + interest + attorney fees + all other taxes you've paid in the mean time. If no one bids you gain title. It's a long process and you will def be shelling out more money.. especially if there are any other liens or any one contests to have interest in the property.

I feel your pain! I put an offer in on reo owner occupied property on Thorme st on the north end on bpt. Within 7 days there were 35 offers and the property was bid up over 40k. I see bridgeport making a slight come up though. Steelpoint harbor, they are redoing that section across the street for the new ferry. I've noticed those big abandon buildings you can see from the highway are getting new windows and work is being done inside. As well as all the rehabbers fixing the eye soars. There are places that are not the ghetto but also not as good as black rock that you could get some good cash flow. Especially near sacred heart. I'm in the same boat and if I find something that works I'll be sure to post it here.

I have my eye on a property I want that is going to be auctioned off. Opening bid is 20k and I have 150k cash ARV is 260k. I have a 203k pre approval loan for 300k. What I'm looking to do is hopefully get the property for under 150k then use the 203k loan to fix it up and move in. Does anyone know if this is possible or if it is any challenges that I would face from a lender? Would I have to buy it under an LLC and then sell it to myself under my name?

Has anyone tried REI 360 CRM? It looks like a one stop shop with a personal website, contracts, comps and more. It's a little expensive so I was wondering if anyone has any reviews before I try it.

Jeffrey VanGilder what was the name of that local bank?

Ok thank you

Yes it will just have to go under my name because of the credit issue.

Steven Hamilton II I know this is not related but I noticed you were an accountant and I have a quick question. I have a family member with poor credit but money to invest in real estate. We have a joint account, is there any problem with me using the money in our account to acquire properties and put it in my name from an accountant standpoint?