All Forum Posts by: Patricia Gemming

Gary,

Wow! Thanks for the information. 

Pat

Hello everyone,

My husband and I just obtained a tax deed on a home in Cleveland, OH. It will be going to sheriif's sale first and if not sold, the property will be ours. We do not have an S Corp or LLC. We live in NY. Would you recommend either and would we have to establish in OH or can we establish in NY?

Pat Gemming

Oraude,

Check with the county to make sure no one owns the tax lien certificate on the property already. The tax lien certificate  could have been sold at auction for each year the taces have not been paid. If so, the owners would have to pay the liens with interest and fees as long as the timeframe for payment is still open, otherwise the certificate holder has first dibs.

Good luck,

Patricia

Does anyone know anything about National Realty Investment Advisors...NRIA.net. Has anyone invested with them? 

Congratulations on taking your first step to real estate investing. Check out the blog "The 21 Beat Books on Real Estate Investing".

Great first class. Sent answers. My time for class was 7:30-9:00 since I am in New York. Looking forward to next class! Thanks.

Definitely would like to be included in the school. Of course I would have to follow classes online. Thanks for thinking of this great idea. Looking forward to learning, learning, learning! Let me know what I need to do to become a student.

Andrew what are the differences with each.

If I purchase a foreclosed property in New York for cash, how long should I expect to wait before I can begin to rehab. Once the rehab is complete can I flip it right away?

Thanks Douglas. Your explanation is very clear. I will  definitely read the information on the link you include it.