All Forum Posts by: Paul Crutcher

Has this happened to you? I'm so sorry to hear that if so. 

This winter storm has made rational individuals make irrational decisions, so I would first give care to the tenant. There are probably some warming stations that would take them. I would offer that to them before offering anything like a hotel or another rental unit. Unless your lease states otherwise, you aren't under obligation to house your tenant or replace their stuff. That's what renters insurance is for.

 Call insurance and speak with them over the process.

So, it sounds like you need to work on your deal funnel. Do you have a team built for yourself yet? 

The deal determines the cashflow. Find the good deal and you'll get the cashflow that you want. 

Texas is huge. I've seen cashflow to be great in the greater Houston area according to some local investors. But there's a high cashflowing deal in every market.

I was given a marketing tip for wholesalers by Max Maxwell to purchase a list of REA in the area and email them your deals. Obviously this can be seen as spam if done without discretion. But, odds are the RE agents already know of a few wholesalers in the area. So reach out to other agents. 

Also, check social media for wholesaler/REI community Facebook groups. I'm a part of a couple and plenty of wholesale deals are being posted daily in the Houston group.

Hey Matthew! Count me in as well!

Hey Josh! I just moved to Alvin myself. What areas have you looked at for wholesaling?

So, I know a delinquent tax sale in the area. The numbers work for a live-in BRRRR. All I need is the capital to make the purchase.

Is it possible for Hard Money to put up about $40,000 without the property being under contract? 

How much time is typically available after purchasing a tax sale to acquire the property? I've heard that it must be the day of, but I the source was unclear.

 I have a PLOC for $9,000 but only $3,000 is now remaining of that from other purchases. The exit strategies are refinance, rent it out, or flip. 

Any words of advice or caution for tax sales?

Thanks everyone!

It is common here in Texas as well. Wise investors who do research like yourself will stay away. But i don't believe it should be regulated. Bad businesses will be weeded out over time. 

Brandon Turner does mention in his book "the book on investing with no and low money down" about wholesaling that being honest from the beginning about what your intentions are usually make for a happy deal all around.