All Forum Posts by: Thomas Weidner

Looks great! Congratulations!

I would like to ask a question dealing with tax sales in Texas. There is a property adjacent to a property I own that has a inhabitable home on it. It is still in a deceased woman’s name and the tax’s have not been paid in about 8 years. She had 2 children but neither has changed it into there name or paid the tax’s. How far back does heirship go back to take possession of the property and pay the tax’s? (Grandchildren,great grand, etc) What would the process be to purchase this property?

Michael Gravallese are you buying single lots or multiple lots?

Lee Lockhart that sounds exciting for the future. How are you funding these projects? Is it a mixture of private money and banks?

Jay Hinrichs what is the cost difference per square between SC and Portland? Do you think high end homes are more profitable?

Nick Danaluk What are typical ROI when doing new builds? Are you contracting these deals or have a GC?

Everyone is different in the way they invest by their goals and interests. In the end it is what is good for Devin and his family. If your kids are little I think a live in flip would be miserable for everyone. I don’t think there is nothing wrong with buying a new construction home. Who doesn’t want a new home in a new neighborhood? There isn’t going to be any maintenance for several years. On top of that it can be paid for mostly by someone else with the rental. I think the cash flow is a little high because maintenance and management haven’t been taken out. But still should cash flow nicely. The key is to find a good tenant that takes care of the place. With that size house I would say they are going to have children. All in all I don’t see nothing wrong with your strategy. Best of luck!

Good morning everyone. Today I would like to ask, what you folks prefer more flips or new construction and why? I know each have there pros and cons just as every avenue of real estate does. So why do you do what you do?

Marcia Maynard this is great. I can totally relate. I have a retired senior widow tenant and has been there going on 5 years. She has never been late in fact most of the time pays early. The yard is always in tip top shape. I could have raised the rents over the years but have choose not too. I would rather keep the great tenant. It is like you said a respect thing. She respects me and our property. I in turn respect her to not raise the rent and keep it affordable for her. This helps the neighborhood by keeping the good people in.

Joe Villeneuve no need to be sorry. It was very well said. Thanks for your post.