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All Forum Posts by: Kyle Stratton

Kyle Stratton has started 2 posts and replied 2 times.

Post: Method to "back in" to an offer on a rental?

Kyle StrattonPosted
  • Investor
  • Beaumont, TX
  • Posts 2
  • Votes 0

I am relatively new to BP and real estate investing.  I have an opportunity to acquire 4 rentals in one deal.  Each is currently rented, and the combined/total rental is $3,975.  I know what the annual taxes are.  I can estimate insurance, closing costs, etc.  I know what the county tax assessed value is, which I realize is never an "accurate" number for market analysis.  But...

Is there any kind of formula anyone uses to "back in" to a maximum offer price in order to enter into a further negotiation on this deal?

Regards...  Thank you...

Post: Title Insurance on Tax Sale property

Kyle StrattonPosted
  • Investor
  • Beaumont, TX
  • Posts 2
  • Votes 0

I acquired a house by a Sheriff's Deed at a tax sale for unpaid taxes here in Texas.  It was not a homestead, which limits the redemption period to 6 months.  As a homestead in Texas it is 24 month redemption period.

QUESTION:  At what point will a title insurance company issue a title policy?  In other words, to sale the house and to have an owner's title policy, and a mortgagee's title policy (if buyer has mortgage financing) issued would require what kind of elapsed time frame by a title insurance company?

Thoughts?  Answers?