Margaret Lewis
Tax Deeds in Texas
17 December 2024 | 5 replies
My figures are below.TaxDeed Winning Bid: $489.00 (My Bid May 2013)Property Clean-up: $450.00 (mowing, trash removal)Taxes & Insurance: $80.00 (2013 & 2014)Sale Advertising: $130.00 (Signage, Newspaper Ads, etc)Filings & Legal Fees: $245.00 (Deed, Lien Releases, Sales Agreement Docs)Total Costs: $1395 (approx)Sold for: $3250.00 (August 2014)That is better than the 25% I would have received if the property was redeemed during the redemption period.
Kyle Kline
How do you fund property repairs/expenses if you are “investing for equity”?
13 December 2024 | 35 replies
@Kyle Kline“Investing for equity and not cash flow” doesn’t mean “buy properties that don’t cash flow.”To me, invest for equity not cash flow means that the PRIMARY reason to invest is for equity growth and an increase in net worth and NOT cash flow.I’ve been investing for over 40 years and while cash flow is important, it’s not why invest.A property must be self supporting ie produce enough cash flow to cover debt service, operational expenses including repairs and replacements.
Travis Boyd
Should I wait to form my LLC until after my first purchase
14 December 2024 | 6 replies
If a claim is filed and the property is owned through an LLC the individual members are less likely to be named in the complaint and that above all else keeps the members name out of the docket.
Bob Asad
Can You Mail or Call Owners Directly to Buy Property?
16 December 2024 | 3 replies
If they claim not to have seen your offer you file a complaint with the local board of realtors and also with the state's real estate commission.
Matthew Paul
Home inspector says deck isnt up to code .
22 December 2024 | 23 replies
The customer is upset , I told him to give me a day to go thru my files .
Harris Lee
Doorvest experience journal
16 December 2024 | 12 replies
So Doorvest is getting everything that produces a high return and you get the aspects of real estate investing that have low a return.
Radhika S.
Newbie & long distance
13 December 2024 | 35 replies
I also tried biggerpockets/wheretostart, but for some reason the .xls would constantly keep opening skype files.
Andrew McManamon
Investing in Bitcoins
9 December 2024 | 98 replies
Call me old fashioned, but real estate is an income producing physical asset.
John C.
Owner Financing in Pennsylvania
17 December 2024 | 9 replies
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Angela Harding
Guardian Fund LLC Bankruptcy
15 December 2024 | 7 replies
From my understanding they filed for Chapter 11, that would protect them from any creditor action, any foreclosure, etc.