All Forum Posts by: Michael Barger

I normally would buy and hold but I think I am going to sell this one if i do purchase it. Its an older guy that owns it. Said nobody has lived in it for a few years. I took a quick look inside today. The place is trashed. It's in a fairly good neighborhood. I am not too familar with the area. I am trying to find comps online. I will update once I find some.

So I came across a deal I couldnt refuse. Owner is pretty much giving the house a way. Well for a couple thousand. The problem is the house needs some rehab. I would say between 30k-40k. Only problem is I dont have that much extra money sitting around. What would you recommend me doing to complete the rehab on the deal.

Wow, thats awesome! Congrats.

Still doesnt have a line....which is why Pennington did so bad. Pennington has potential. Favre will be out a concussion in week 4

Okay, Thanks. I was just confused by the wording in your original response. I understand now. You're the greatest.

Could you elaborate on this a little more Jon? Thank you.

All depends if you are bidding on the Tax Lien versus Tax Deeds. Also, it all depends on your state laws on the redemption period . On tax liens basically the owners are giving a redemption period where they can pay you back with interest and if they dont pay you back within that time period then you can apply for the deed. If you dont have alot of money, I think Tax Liens is the way to go. Guaranteed return, either on interest or the property. Tax Deeds tend to be more expensive but also a good value if you do your research prior to the auction.

Thanks Jon. I appreciate your help. I learned alot from reading your posts. Again, I am glad I found this place. It's amazing!

This is a good question. I never can find a non-bias answer.

So I was going for a walk the other day, hadnt really been out much since the Navy moved me here in January. As I was walking, I am not sure if its a new thought process or what it was but I couldnt help thinking about potental of houses as I was walking by them. There were a few properties that just looked abandoned. One particular that caught my eye was I run down 4 plex. I was thinking about looking in Public records and seeing who owns the property and seeing if they are motavated to sell it.

Anyone have success this way?