All Forum Posts by: Zach Ziskin

It's 1590 sq. ft.

I'm looking at a property that I think might be a good deal as a rental, hopefully a BRRR property, but it all depends on what the rehab costs are going to be and this will be my first true rehab, so I'm a bit gun shy about assuming how much it will be. The photos of the interior/exterior are here:

http://imgur.com/a/gshA8

Assuming an inspection turns up no major structural/electrical/plumbing issues, from an eyeball standpoint, what would some of you ballpark the rehab on this property at based on the photos? Thanks in advance for any replies.

I'm looking at a property being auctioned by the IRS. There are multiple IRS liens connected to this property. Am I correct in assuming that all IRS liens are discharged upon successful completion of the auction? Thanks.

Hi all,

I live in Florida and the IRS is auctioning a property that I'm interested in purchasing. Based on my due diligence there is no existing mortgage, and the only recorded judgments or encumbrances against the owner/taxpayer (besides the IRS tax lien) are a $900 hospital judgment and $6300 in property taxes, but based on the opening bid and what the FMV is, that's not a big deal. Here's my question.

Assume I win the auction for the property. According to the IRS' property auction FAQ, the defaulting taxpayer/owner or anyone with a senior lien interest has 180 days from the date of the auction to redeem the property by paying me my auction purchase price plus 20% annual interest. I just want to confirm that this means I cannot re-sell the property for 180 days, yes? Does anyone have any experience with purchasing IRS auction properties? Thanks in advance.

Thanks Jon. Just to clarify, when you say building department, is that the county department?

I've got a property I'm looking at as a possible rehab, but after doing a walkthrough it appears as if it was either a duplex that was made into a single house, or had major additions done.

Where would I go to research the original plans on the property, or check to see if whatever work or additions were done with the proper permits so I don't purchase a potential legal disaster? Thanks!

My experience with NRU just occured over the past few days. I recently attended the monthly local REIA meeting here in South Florida, and noticed a truck at the meeting that had a number to call about RE investment trainee position. Thinking it might be a local investor looking to offer an internship, I gave the number a call.

A couple weeks later, a guy called and after some chit chat invited me to come to an "interview" session set up at a local hotel, and boasting about how I could be making what I currently make annually every month. :roll:

That was pretty much my cue to run, but I went to the "interview" anyway. The guy I spoke to was one of several "greeters" in the lobby. He handed me a copy of Success magazine, which he boasted they had dedicated the entire issue to his company (not mentioning that the magazine was published by his company, LOL). I was then supposed to go to another meeting room to register and wait for the meeting to start.

There were at least 20-30 other people there for this meeting, even though on the phone my guy had told me it would only be 4 or 5 people at this "interview". One look at the materials in the magazine, and the text about selling a program and getting commissions was enough for me. I hightailed it out the side door, got in my car and sped away.

I didn't stay long enough to get to the $16000 pitch, but then again I didn't need to. The whole setup smelled fishy as hell, and it certainly wasn't what I was looking to get involved in.

Thanks, Joshua! You could say I'm cautiously wetting my pants... :lol:

As some of you may know, while I am working on becoming a budding real estate investor, my main gig is as a songwriter and music producer.

It turns out today I was informed that a song I wrote and submitted to American Idol has been selected out of close to 30,000 submissions to be one of 20 final songs to be voted on by the public online, with the winning song to be performed and recorded by this year's winner of American Idol!:mrgreen:

So I thought I'd humbly ask you, my fellow Biggerpockets netizens to vote for my song. The voting begins this Thursday April 10 online at http://songwriter.americanidol.com

The name of my song is "Faith". I'm not sure if they're going to make the songs anonymous during the online listening and voting, but if they do, the first line of the song is "Was it fate that brought me to this place to find you waiting..."

Anyway, that's my big news. If you're so inclined, your votes are greatly appreciated, and I would be eternally grateful!

Actually it was correct, because there is a twofold whammy we face here in the U.S. The first is that the dollar weakening against other currencies makes imports more expensive. The second part is that due to the Fed inflating the money supply combined with cutting interest rates, we have rampant price inflation on ALL goods, including domestic. Anyone who has tried to go grocery shopping recently, for instance, can attest to that. Inflation as a byproduct of monetary policy in general doesn't care where the products come from, it will affect them just the same when it comes to your wallet.

Add in the massive rise in energy costs, which invariably work their way into the delivery and sale of products both foreign and domestic, and you have more expensive products across the board.