All Forum Posts by: Toi H.

Denise, there is a recorded mortgage with the county real estate records on day of tax sale; however, nothing showing the mortgage was released.  

I have been a member of the New Wealth Advisory Club since January. I also found an ad posted on Craigslist with regards to networking with other real estate professionals. I reached out, had a phone conversation with the member who posted it and I decided I'd like to learn more. So, I attended their three day introduction learning more about how the club runs, its benefits and also received extensive information on various investment strategies. I never felt pressure to join or buy anything and the weekend introduction was free.

I am a member of and have joined several professional networking clubs during my lifetime and really saw this opportunity as no different than what other organizational clubs offer in terms of membership and non affiliate opportunities to enhance your craft.

In the area where I live, all the REI clubs ask for membership fees or a fee for each time you walk through the door. In my opinion, NWAC is one of the better REI clubs in the region; there is a one time annual membership due and you don't pay anything extra to attend any other meetings throughout California (IE, LA, SD & OC). The club is exactly what I was looking for in terms of networking with other RE professionals and I have met some great individuals through the club. I don't see any type of scam going on. I believe there were some changes with the club dues at the time I joined and I only paid $1200 for the year, and it'll be $500 annual afterwards.

Hi Matt! Welcome to Bigger Pockets. I'm a neighbor here in Rancho Cucamonga.   You can never read to much about real estate and investing because there is so much to learn.  The site has awesome tools to use so there's no need to worry about over analyzing; Brandon has some great books here and the podcasts are awesome.  Best of luck, feel free to reach out if I can be of local assistance. 

Welcome to BP Silviano, make sure you take some time to read through the great investing books found here on BP. The forums, podcasts have a wealth of information to assist your investing interests.   

Your question has a lot going on with it and you may want to sit down with your family to decide what is best.  

Best of luck.

Kellum, I was looking at a few homes in Birmingham recently and had the same issue with regards to low sales in a particular area.  I use a software program called RealEstate PropertyPro that covers the entire US; but it only allows your comparable search up to .9 miles from the subject property.    However, I understand in rural areas your comparables may extend up to 5 miles but no greater than 6 months to a year.  So, I tried using Zillow but of course it was all over the place providing sales from 15 years ago.  I did find Redfin and RealtyTrac a little more useful. A realtor in that area may also be a great asset - good luck.  

@Denise Evans 

Hi Denise, with regards to #4 the lien holder redemption period. If the mortgage holder never placed a lien on the property when the taxes became delinquent and there is no evidence of a mortgage release with the county recorder, does the mortgage holder automatically lose entitlement to the property after the deed has been purchased by the investor?  Thanks for the great information.

Welcome to Bigger Pockets Jeffrey!  There is a ton of great information for whatever type of real estate investing you plan on pursuing.  Make sure you check out the Free education tab, read and listen to the downloadable podcasts.   Don't forget to set up your key alerts to chime in on recent forum posts of your interests.   Best wishes and happy Easter to you as well!

There are several in the File section on the site. But I have a few templates, feel free to inbox me if you still need one.

Just my two cents here. If the home value is worth more than the calculated liens than it is probably worth pursuing.  Sounds like you've already done some of the title search but if you feel the deal is worth it than the $75 is a good investment for a full title search. 

I was quoted $250 for a full title search but after I told the title company how much work I'd already done and background I'd collected about the house, I got the cost knocked down to $75.  If your concern is the costs for the search on a property you haven't acquired yet, you can certainly try to negotiate since you've done some of the work already.... My favorite line to use is, "Is that the best offer you can give me?"

Hi Hung, welcome to bigger pockets.  There are many properties you can find on those sites you've mentioned, it just depends if you know what you're looking for.  Just inbox me if I can be of assistance. I do wholesale investing.