All Forum Posts by: Tyler Gibson

@Account Closed is right that you should try a house hack while you are at UCF as rental rates are strong in Orlando right now. 

@Rotchil Noel Welcome to BR and to the Orlando area. There is a meetup group that gets together once a month. you should come out. @David Baier was there this month and he would agree it is great to get together and connect with like-minded people. The Orlando market is hot right now but that doesn't mean you can't find something. Since you have a VA loan option I would suggest you do a house hack for your first property. Get into a duplex/triplex/quad and learn the rental game that way. Rental rates in Orlando are pretty strong if you're in a decent area. Even some of the not so nice areas of Orlando are fetching some strong rental rates. There is something to be said about learning by doing. I am doing a BRRR right now and I learn something new almost weekly that I will use in my next project.

@Giuseppe Pavone Welcome to Orlando. 

@Guyoz Golan It is a fine area. I think there used to be a bank on the bottom floor of that building. the traffic on that road can be heavy during rush hour. 

@Brandon Comer you just missed the meetup for July. be sure to reach out to @Bernadeau c. that @Brandon Reed mentioned. 

@Jane W. just seeing your post but thought I would weigh in. 

In Florida, the only thing that survives a tax deed sale is a government lien like code enforcement. The city is typically included as an interested party in the event that they have a lien and there is an overbid amount they get paid first. 

You will not find a title company that will issue insurance on a tax deed. A tax deed is not insurable. your options are to do a quiet title action which is a process by which all other possible claims on a property are wiped out. Once that is done I believe a certificate of title is issued and you can get insurance on it (I say believe because I think that is the document but it might be called something else.) The other option is to hold the property for 5 years and pay the taxes for 5 years. Then you would be able to get it insured. 

There is another option I have found but I am not sure of how effective it is. There is a company called clear to sell. They advertise title insurance in 20 days on a tax deed property, you can check out their site cleartosell.com if you like. On their site, they say that you pay them to do a title search and determine if there is an issue with the title. If they find the title to be in good condition they will give you some sort of certificate that would be accepted by some of their partner title companies. If they find issue with the title you can put the money you paid them towards them doing a quiet title action for you.  I have not used their service yet but I found it when I was doing research on options for Tax Deed properties. 

As to the clerk's obligation to locate the owner no they are not obligated. The statute requires that they make a reasonable effort to locate the property owner and notify them by mail that the property is going to be sold at auction. The clerk's office actually gets the mailing address from the tax collector when they receive the file for the property. The tax collector typically has a title company run a title search on the property to determine who should be notified. If the owner lives abroad then they should have notified the tax collector that their mailing address is international. The clerk will mail overseas if they have an address for the owner that is out of the country. 

@Russell Holmes You hit the nail on the head. I have a realtor that is sending me properties in Orange, Lake, Seminole and Oceola county. This one popped up and up until seeing your post about apopka was not giving it any thought. I am not that familiar with apopka and have not been giving any consideration to that area due to not knowing the market. You painted a pretty nice picture of the future and current situation so now I might give it more thought. 

Thanks for the insight. 

@Russell Holmes What is the area like around E Votaw rd and Thompson rd?

@Joshua Lyon no credits I got it from a wholesaler I have made contact with. So I got it at a good price. I have a partner on the deal that has the cash for the purchase. We plan to use brrr strategy. I would love to get the contact info for your GC to see if he is interested in the job. PM me and we can discuss it more.  

@Bill F. Thanks for the advise I will check it out.