All Forum Posts by: Cynthia Scaife

The building has been vacant for several month I think I am still researching it and will follow up when I know more.

Hello and thank you Kathy, 

I am an agent so I use Mls both Texas as well as commercial Mls. I also get the tax sale lists. 

Thanks, ok I will do more research. 

I was looking at forclosures and saw an apartment buildings that was on the List. I though you could buy these  on the court house steps  like single family properties, is this not correct? Someone I know said no?!? 

welcome to BP. 

welcome to BP!

Good Luck Auction.com has all the answers to your questions and they are pretty strict ask the Realtor or get a Realtor who know how Auction.com works. 

Hope you do well.

Happy Investing!

Hi  there,

You may want to do some phone interviews, ask to be set up on (auto property emails) if that is a service provided by Realtors where you are, so you can get them (properties) in your inbox and see what is out there........ and what realtor has the right mix if information and experience you will need.

When you are ready to buy, you will have the one who can stand the test of time, as time will be what you will spend a lot of when you are just starting out. Good Luck!

H - I! Happy Investing!

Hi Trever,

I would say if you have access to the county courts records (tax records)  and can look at the properties kind of close to you then you can determine what kind of homes are in your area, "A" "B" etc. then see if you would like to invest in the ones  that are maybe in the "B" type.

One sure thing that works is a "B" type that is about 2% of purchase price I have heard is a sure way to make sure you make money.  ( but is hard to find in that "B" area.)

0) Try contacting owners that do not live in the property to see if they want to sell these are great properties to work deals on.

1) Working with an agent you might have to interview a bunch that knows the area you want to buy in and they will have a wealth of information about the area and you can decide and make offers and the agent will have to do the negotiating you just tell them what you have to spend all in.

2) Ask around to see if you know someone who wll make a good tenant if you want to buy a buy and hold income property. You may have a very good part of your questions answered if you just ask around. This can go for the property you want to buy as well.

Well hope this helps

H - I Happy Investing!

Hi,

Looking at the property is most important. if you tell her you can just drive by or look inside to determine if you will make a full offer or if she will have to bring money to the table she may help out more.

When you get the address you might be able to google it and at least see the outside and the neighborhood the street view.

Short sales take a lot of time and red tape, it has to be approved and the seller will have to prove she can no longer make the normal payments.

If that is the case the mortgage holder is looking for a magic number, I have done a few of these.

What else is going on with this deal?