All Forum Posts by: Ryan Lee

More to the story...
http://www.sanjoseinside.com/2017/08/08/san-jose-couple-makes-big-news-by-snatching-up-private-street-in-swanky-s-f-neighborhood/

 Parking...

inside view...

https://www.google.com/maps/@37.7887468,-122.46122...

I'm talking who is responsible for replacement/repair not access. Around here a lot of homes the responsibility ends at the street or the curb. I'd be curious if the HOA (who previously owned the street) was responsible for all the repairs and upkeep of the "common" areas that would include the road. But since the HOA no longer owns the road would that responsibility be passed on to the new owner?

I guess basically is this new owner responsible for upkeep of this road until it reaches the public street.

it was about 90k not 900.... and they are likely going to get outspent in court. 

I'm not sure if you could, but they should of NNN leased it back to the HOA... instead they are trying to tell super wealthy and elite families they are going to have to pay for parking haha.

I'm loving this thread because I plan to go to an auction downtown Dallas tomorrow just to watch.  Another will be held on 8/3 that I may actually participate in. I have really gotten an education while visiting some of the properties up for auction. Some I could understand why the owners didn't pay the taxes. The property was totally worthless. And, in some instances the minimum bid was higher than the value of the property. How do you guys decide what amount to bid?  Do only do minimum bid or a certain percent over? 

So much awesome knowledge here and I appreciate everyone for sharing.  I just started purchasing tax delinquent property in April 2017 in Alabama.  I have not been to an auction.  I have decided to just visit the Dept of Rev website and go by county.  Seems that rural counties are much cheaper and don't have so many people going after the properties.  

I have no idea what I'm doing in this game!  I purchased my first in April just to see how the process goes.  Now I have paid for 3 more in the past 2 weeks and I am waiting for all paperwork to come back.  My motives are completely different from most.  I am a former resident of Alabama now living in Georgia, and I eventually would like to move back to Alabama and reside on one of the purchased properties.  I am looking at vacant land, as well as affordable homes. I plan to keep all I purchase, and pass them along to my children, nieces, and nephew.  With that being said, if the original owner(s) come back to pay, I have made a little money and can continue forward with purchasing more.

As Alabama has a 3 year Right of Redemption period,  what are the things I may want to watch out for while continuing to invest?