Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Mak K.

Mak K. has started 89 posts and replied 203 times.

Post: Tax Sale Prep

Mak K.Posted
  • Posts 204
  • Votes 31

@Vlad Kuzin :

@Nghi Le

I have the same question-  Tax sales override all the liens? Is it correct to state Tax Sales are free of all the liens (banks, construction contractors, medicals?)

 

Thanks. But that link does not say where do I find SELLING PRICE OF PROPERTIES AT AUCTION. I want to know what was highest bidding for properties listed for

Where do I find the foreclosure, tax sales auction results? Is this a public record?

Hi,

I am not planning to be an agent at this stage. I need to have access to MLS (Residential and Commercial) for my research purpose. What is the best way?

Long-time back, somebody told me that in Texas, you can access MLS by giving 30-40 hrs online exam and passing it. You get full access but it does not give you license to be an agent. Could somebody please throw some light on what I need to do?

Updates on my experience: Thank you all for the responses. I did filed the protest on isettle and got the ARB date. For some reason, County never gave me an informal (They say it was glitch due to a previous year agent tried to claim protest this year). I never hired an agent? Anyways the agent protest was denied. They gave me a ARB without informal. 


But when I went to HCAD on the day of the appointment, the lady at the desk would not agree that I had a right to informal. She called her supervisor and supervisor stated I cannot have an informal (over the phone). Hence I asked her, please let me know the reason why, and she was clueless so she calls her supervisor again. Here comes the supervisor and I explain to him the story. He instantly takes me to another staff member and gets me on informal. I show my purchase price settlement document and they match the price.

One thing: do not just take the front page of the statement of settlement. Take all the pages. I only had the front page and after insisting they accepted it. In normal circumstances, they need all the pages.

I agree with you to use professionals. But this time I have decided to do it myself.  I read a lot that on the new purchase, the county accepts sale price for the first two years. But I want to go prepared with well presentation. I want to learn it and experience it myself before I pick a service.

Hi, I just bought a property in November last year and on my tax appraisal, the property is shown way high. Here are some stats:

Purchase price $225k

Appraised value as of 2018 was $234k

Appraised value as in 2019 is $275k (current)

County- Harris County (Houston TX)

* House was remodeled by the contractor before I bought it. Did not came with appliances. Appliances were excluded from sale.

This is my first time so help me out with my strategy thoughts:

1> Submit Final settlement statement which shows purchase price was 225k. On the settlement, 204k is purchase price and other charges are commission and fees.  Because the sale happened in November, it shows the market value of the house at the end of the year.

2> Submit Inspection report showing repairs. I have a contractor quote of $5k. 

3> Would it make sense to get quotes on AC, Boiler or Roof replacement as they are old? 

So considering points 1 & 2, home value should be $204-$5k = $199k. Is there any hope for point#3 argument?

Do I have a solid case above? Thoughts and Comments please.

Post: self storage investing in Texas

Mak K.Posted
  • Posts 204
  • Votes 31
Originally posted by @Lance Langenhoven:

Notice that you're both Texas & looking for self-storage. Are you looking to purchase existing self-storage or are you thinking of developing from scratch? - @Seth Eaton and @Mak K.

I am looking from scratch.  

Thanks. I also found that a company does not qualify for homestead. It needs to be in your name to apply for homestead. 

Post: Commercial Land- Where to search

Mak K.Posted
  • Posts 204
  • Votes 31

What exactly is GIS data- Do you mind to list some good sites offering GIS data on monthly subscription basis? Also I am looking at loop.net and similar sites and land pricing is all over the place. For example, I see a small 15,000 SF lot (not even in prime location) higher than prime lots.  Where do I find statistics to evaluate land prices?

Land next to a freeways are going at $5-$7/SF (1Ac= $220k) for Houston. Is this normal?