All Forum Posts by: Robert Tropp

There is an app called Landglide that can help with that. It will give you parcel info based on your current location. It is what I use when viewing land in person to see approximate lot lines and parcel data. 

Ok, got it. Replacing the mobile and renting that out might be a good place to start then if you can make that happen and have it pencil a good return at $500-600/mo. 

If you're looking to make improvements to try and generate cash flow I'd start with that you've got. If you can make that MH livable or stayable that would be the best place to start to test out your market before investing any more money. 

I've bought an sold properties acquired through tax sales for about 15 years now and never once had anyone redeem. Title companies will not offer title insurance for at least 5 years if at all so you'd have to find a buyer who is comfortable closing out of escrow or without being able to obtain title insurance.

These guys can clear the title and get you title insurance without having to quiet title. I've used them in the past to resell tax sale properties in CA before the 1 year redemption period. The only downside is it can take 2-3 months to close which can kill a deal if the buyer finds another property or decides to back out.

https://www.taxtitleservices.com/

I'm looking to find an "investor-friendly" attorney in the LA or Orange County area. I have some questions regarding wholesaling, assignment contracts, and double escrows. I also need some help in drafting documents and contracts and documents related to real estate wholesaling.

I'm looking for someone with experience with these types of transactions and the laws surrounding them. Please message me if you or someone you know can help. 

Try these guys out. They've helped me get insurable title on properties I've purchased at tax auctions.

https://www.taxtitleservices.com/

I'm looking to finance a 5+ bedroom home in the Woodland Hills area as a primary residence. I'm looking to protect my capital as much as possible to invest in my business which produces high yield residuals. I have solid income, returns, and excellent credit. The houses I'm looking at are in the 1.5-1.75m range. I'm looking to acquire financing with 10% down or less if possible and was wondering what type of financing options are available to make that possible. Let me know if you guys have some advise or can help. 

If you have an address for it you can put that into zillow and filter by land properties and see what similar properties are listed for. You can also use www.landwatch.com and narrow you search by state, county, city, and acreage range to get some ideas on comps.

As far as marketing I'd start by listing it on craigslist because it's free and pretty effective. Landwatch seems to be the best listing site for generating land leads in my experience but you'd have to pay to list it. Another option might be to contact the neighbors and see if they're interested in owning it. You could also try listing it on your facebook page. 

It's not always the case, just something I've dealt with a number of times. In many of these cases you may be helping someone get out of a jam. There isn't the emotional attachment with raw land as there is with homes so it makes it easier in that sense. 

In my experience many of these properties end up going to tax auction not because the people don't have the money to pay the taxes, the taxes on vacant land are usually minimal, but because in most cases people have forgotten about them, inherited them, or otherwise don't have use for them. You deciding to buy the property or not buy the property is not going to change the fact that someone is going to lose their property, besides if you don't end up buying, there is someone else out there that will. The best deals in real estate aren't always the prettiest ones. Investing in Real Estate a lot of time deals with seller's who are going through tough times whether it be having a property foreclosed on for financial issues, needing money for medical problems, or inheriting a property after a death in the family. Land is hard to sell so in many of these cases you may be helping someone out by getting them money for something they desperately need in exchange for something they may not have any use for.