All Forum Posts by: Account Closed

Hi Daniil Keyman. Does Rehab Valuator have any way of generating something that could be used as a Seller net sheet to explain my offer amounts? Or do you not believe in or recommend explaining your offer, but rather just let it stand as is.

I'm considering getting a paid membership to either Rehab Valuator or BiggerPockets for access to their Deal Analysis tools. Anybody have experience with both and an opinion on which is a better choice?

I could use some advice/info on a Federal Tax Lien versus a County Tax Lien.

Frame of reference - I'm in Dane County, Wisconsin.

I got the house under contract. I was aware of a County Tax Lien on the property of about $25,000. Which would come off the HUD at closing out of the Sellers proceeds.

But when the Title company pulled the title info, they found a huge Federal Tax Lien on the property of about $140,000. I've gone through the process of submitting a Certificate of Discharge to the IRS to Discharge the Federal Tax Lien. They came back and asked for a third party appraisal which I"ve submitted (came in at $150,000).

ARV is about $185,000. Got it signed at $50k. If the IRS won't agree to Discharge the Fed. Tax Lien from the house, or won't agree to a negotiate slightly higher price and then Discharge, the house will be deeded by the County, over to the County, and auctioned off.

What I can't get an answer on, from either the County Tax office or anyone else, is if I can't get the IRS to discharge the Lien, even after a little negotiation on the Sale price, what will happen to the Federal Tax Lien once the County deeds the house to themselves and auctions it off.

1. County Tax office said that most Liens (Mortgages, etc.) don't servive the deed/auction process, they're void. But, cautioned that there might be a Federal Law that allows Fed. IRS Tax Liens to supersede County/State laws.

2. If it does survive the County deed/auction process, will the Lien stay with the house and become the obligation of any buyer at the auction, or will it move from the house to the original Seller/Owner as an individual?

I hope I've described this well?

@will bernard

@? Will Bernard Is your system available outside So. Cal yet? I have no MLS access and am looking for a tool for generating offers efficiently.

Hi - I'm looking for more properties to fix and flip in Dane Co. WI around or in Madison, WI.

Any local wholesalers with properties?

Hi - I'm looking for more properties to fix and flip in Dane Co. WI around or in Madison, WI.

Any local wholesalers with properties?

Looking for feedback on which target markets will bring the highest percentage of calls from motivated sellers versus just curiosity or tire kicker calls - mailing to a general farm area, vacant properties, probate, divorce, pre-forclosure, etc.

Which two are the most effective. I ask because I'll be mailing a Vacant and high equity list and I want to pick one other target market to also mail.

I'm sorry I've posted this twice, but I put the first post in the wrong forum and didn't see a way to just move it.

I'm looking for an Investor friendly Realtor in Madison, WI

I'm looking for an investor friendly Title Rep in Madison, WI.