All Forum Posts by: Syrica Brown

@Denise Evans -  I have the certificate.  Yes.  I contacted municipal code enforcement and basically I was told need to pay the fee before I can start rehab.  I was told I can go before council and see if they would reduce or cancel the fee. She informed me the probability of them reducing the fee is none since the city already paid for the boarding of the property.  She's never seen the fees reduce.  Also, I would need to take of the fee before I can get permit to start the repairs.  At lost of what to do...

@Denise Evans is this common practice for them to withdraw the fee if I rehab the property?  I contacted municipal code enforcement and I was told if even I go before city council I would still have to pay the fee.  My goal is to rehab the property for rental.  What documentation did I need to present during the meeting?  The $3200 fee is a big chunk out of my budget.

Thanks for responding.

I purchased a OTC property in 2018.  I received a letter in the mail from the City of Mobile informing me there is a code violation assessed to the property.  The violation:  building is unsafe for use or occupancy and the city boarding up the property.  The violation fee is $3200.  A hearing is schedule in two weeks and I can appear if I have any objections.  What are my options if any?

Thanks for assisting....

@Denise Evans and @Mike S. thanks for responding.  I got a lot of reading to do.  

I'm not sure if I need to create an LLC now or wait till have more properties.

I have a couple of properties OTC and currently have the tax lien certificate. I've been getting advice that I need to setup an LLC for asset protection. I am not sure of the purpose or if this would be beneficial for me now. I would love some direction on the questions below. Again, I'm not sure if this is the direction I should go in. Thanks in advance for responding.

1. Currently reside out of state and I'm not sure what state to form the LLC. Should I form the LLC in the state I reside or Alabama where the properties are located?

2. Since the properties were purchase in my name, how do I transfer them to the LLC?

3. Should I wait until I have more properties to form an LLC? currently have 2

4. Do I need an LLC for each property?

I have a couple of properties OTC and currently have the tax lien certificate. I've been getting advice that I need to setup an LLC for asset protection. I am not sure of the purpose or if this would be beneficial for me now. I would love some direction on the questions below. Again, I'm not sure if this is the direction I should go in. Thanks in advance for responding.

1. Currently reside out of state and I'm not sure what state to form the LLC. Should I form the LLC in the state I reside or Alabama where the properties are located?

2. Since the properties were purchase in my name, how do I transfer them to the LLC?

3. Should I wait until I have more properties to form an LLC? currently have 2

4. Do I need an LLC for each property?

@Denise Evans a lease to use for tenants when you purchase a tax sale property.

Thanks for responding Denise!  

I'm in procession of a tax sale property and have a potential renter.  I'm in the process of creating a rental agreement lease.  I'm under the understanding I need to include a "Out" clause in case the owner redeem the property.

I know sure what the clause should say. 

Looking for an experience Property Manager in Mobile. Hopefully, they are knowledgeable with tax lien properties, great with advertising the property and have a list of renters looking to rent.