All Forum Posts by: Charlene Rakhshani

Thanks, Vikram. Your post is very helpful. I've learned a lot in the last few days, just going through this process, and I thank all of your for your contribution :)

Thanks, Champak. Today, I called the tax assessor's office and 2010 is the only unpaid year ~$5300 owed. The 1st is being foreclosed and it's 1/10th of the 2nd and 3rd lien combined. Now to put together the money. An auction is the last thing I was interested in doing....but this is pretty tantalizing. I've found a partner who does auctions and we'll see what happens...never know!

Thanks guys....what is the best way to find out what taxes are owed? I want to know if there's federal, property, and any other taxes owed. Thanks!

I checked out a foreclosing property with a Title Co to see how many liens were on Title. There were three, but none were tax liens. Can I safely assume that there will be no surprises.....that is, no tax liens? Or is there something else I should do, to find out what other judgments/liens are on the property that may be missed on Title?

Yes, opening a new LOC in the short term affects your FICO score, but when you establish timely payments, at about six months your score will go up. But remember to keep all your credit cards at 30% or less. If one card is 50% and another at 10%, transfer from the card with higher utilization to the other at 10%, so no one card is above 30%. Also, increasing your limit is a good thing to do, because it lowers your credit utilization %. All good strategic moves.

Welcome, Chris. The investment of time in BP will be worth it. Where in So Cal are you? I'm in Huntington Beach.

Charlene

DC's program is excellent...it's a 'system' and he thoroughly explains it. He has different programs, depending on what you'd like. It doesn't cost $5k...you can spend $1k and learn the entire system he teaches. It costs $97/mo for twice/mo coaching....you submit all your questions and get the answers at the following coaching call. If you want his team to negotiate and fund the deal, go for it. If you want to negotiate and fund your own deals, go for it....that's DC's attitude. He's a successful guy who's put together a system...with built in collaboration. You need to invest in your education....you get out what you put in.