All Forum Posts by: Toi H.

Sounds great, thank you for the clarification Melissa. 

What is the advantage of California investors working with a California turnkey investor with properties in Birmingham versus working with a local Birmingham turnkey investor who knows and live in the area?  I'm just curious because there are several Birmingham turnkey investors, some even here on BP.   My question is probably very elementary, but why should I work with a company in CA for the Alabama market?  I am buying in Birmingham and networking with local investors there, so I'm just curious if there is an advantage of networking with individuals here instead.  Thanks. @Melissa Nash

It depends on the state, so you should research the state you are looking to buy tax liens certificates in.  You typically do not own a tax lien until the redemption period has expired and then it turns into a tax deed. A tax deed does not guarantee ownership because it depends on the state redemption laws. In CA, if you buy a tax deed you own the property because the redemption period has expired and the owner can no longer redeem the property unless there was an error. In some other states, you can take possession of the property and have rights but you don't own it until after the redemption period is over or you've gotten the owner to sign off their interests by a quit claim.  Tax liens are state specific.

Hi Michael, it depends on the wholesaler and the type of deal they are transacting. If you are going through an agent, then yes, you will use the generic CA Purchase Agreement that the agent completes for you.   If the wholesaler is transacting a for sale by owner deal, then we typically use a one page agreement form.   

You can find a few different purchase agreements here: 

https://www.biggerpockets.com/search/files?utf8=%E...

Also check with a local real estate attorney for the agreement best suitable for your transactions.

Sounds like a great book, I just ordered it. Thanks for the recommendation :)

Congratulations on your new adventure!  I would recommend working with investors who know what they are doing in order prevent the burn out that Kim is talking about; in which case your experience will be great and potentially lucrative.  

I have had a few interesting experiences working with agents both new and seasoned who've never worked with investors. I can say everyone must keep an open mind, have effective communication and respect each others knowledge.

• The best way to find investors to partner with is through the local investment club meetings.
• Investors are not only looking for a friendly agent to work with but an agent who is knowledgeable about the area they are looking to buy in, knowledgeable about the market, know what is trending, and know which areas of town are moving fast or slow
• In my opinion, being new is not a hindrance as long as you know what you are doing - be two or three steps ahead of your investor.  Avoid from saying you are new too often because investors will keep you at a distance - Be confident and work diligent like a pro. Phrases like, "I am a new agent to this area looking to build my network. If you know of any investors who are looking for a great representative I would love the referral."  This way you are not implying you are newly licensed but just new to the area.
• Don't work tirelessly for anyone because that will cause utter burn out. However, work smart for your client

That's my two cents. Please feel free to inbox me if there is anything I can do to assist you.  There are weekly networking meetings in Fontana, let me know if you are interested in going. We are meeting at the chamber of commerce this Thursday 9am-10am.

Best wishes!

Sorry I don't mean to revive this post, but it is probably one of the most authentic I've read. Sean Terry was recommend by one of my partners who finds value in his information; so this post popped up on my google search.  Thank you @Rob Padilla for sharing your experience! Wow, really thank you so much!   I don't knock or hate guru's for doing what they do - they are savvy enough to fill an entire auditorium with people and somehow convince a percentage of the attendees to pay thousands of dollars for information they can find online for free.  Most people attending those seminars are not aware they can find the information online for free so they go out and pay for it.  Yes, I attended a guru seminar, invested thousands of dollars for their program, had a long distance coach, the 800 hotline number and got the free software too (Gosh I love that software program).  I do not regret investing in myself, I do not regret trying to learn something new to better myself whether I paid one dollar of fifteen thousand dollars.  I believe we are responsible for our own success and cannot blame some guru program for not making us rich overnight.  If it were not for those crazy "guru" seminars I probably would not be here on bigger pockets learning more and I definitely would not have such an amazing network of real estate professionals to work with.  I feel so blessed!  Have I made my first million? No, not yet but I will as if I keep moving forward.  You can definitely find value in some of those programs and I am actually really looking forward to listening to this Sean Terry guy after reading this post. Best wishes to you Rob, I hope you are doing well.

Thank you Jeremy and Victor.  I'll definitely listen to the podcasts and check out CRIM website.  Thank you so much!

@Jeremy E Van Dam

Hey Jeremy, have you had any luck in purchasing tax liens in Puerto Rico? I've been trying to locate the various cities official websites for their guidelines but haven't had any luck. Some of the official site's are in Spanish and my Spanish is a little rusty. I'm just curious what governmental official sites have you found useful? 

@Chris L.This is a really great thread on door knocking. I am wondering if any of you who've door knocked NOD's been asked by the owners why you chose them? For example, they were suspicious that you somehow find out they were in default so you specifically targeted them because you knew they might be motivated to sale. Do you disclose to them you found their property on an NOD list? Hopefully my question is not too odd.

@Jay Hinrichs or anyone who cares to answer. Thanks a bunch!