All Forum Posts by: Matt Delashaw

Any feedback on this website I'm developing?

It's a lean mean fighting machine. Any usability, style feedbacks? I intend to make the image carousel a place for listings.

BTW, Im and investor AND and engineer. If this isn't allowed here, just let me know. It seems according to the forum rules, that any kind of advertisement is only allowed in the classified's forum. I'm not really advertising, just looking for feedback from folks in the industry.

https://dyantarepe.realestate

Thanks for the info @Ned Carey! I really appreciate it.

TLDR; Is my understanding of tax liens in Texas are purchasing the tax debt with the property as collateral, and you dont out right own the property?

Im brand spankin new to REI, at least from an investor only stand point. I was starting to browse my county's tax auction site. I found a property that im interested in, and maths out well. Ideally I would like to BRRRR this property, and I realize I could contact the owner as they may be motivated to sell.

If I won this property at auction, I dont out right own it immediately, correct? I just purchase the debt? So lets say its a $100k house with an opening bid of $10k. If I won the auction at $10k, Im taking on that tax debt and I am going to get paid back the $10k + 25%(2,500) per year?

Bonus question: what are the pitfalls here?