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13 June 2020 | 2 replies
What you have obtained is a "Tax Lien Certificate" with a yearly interest rate that accumulates monthly, and it could be redeemed at any time by the owner via paying the County the amount of taxes owned + interest accrued during those months. if it is so then the county will pay you back your principal ($2800+ interest accrued)If after a Redemption period of one year, you have no received your investment back, then you contact the tax collector office to let them know that you want to apply for the deed of the property that you are holding the tax lien certificate.After application is completed, the Tax collector Office sends the application to the Clerck office for review and to schedule a Tax Deed Auction.
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15 June 2020 | 19 replies
It is so impressive that you are seeking advice at such a young age and knowing about passive income.
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15 June 2020 | 8 replies
I would think that a buying agent would still want the 2% vs. 0% if there is a unique property that fits their buyer's criteria.Maybe now is the time to push down the BAC since inventory is so low.It just got me curious since I've only seen the selling agent commission go down in the past decade and not so much the buying agent.
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5 July 2020 | 14 replies
Greeting Everyone, I just wanted to make a formal introduction; I've explored the ins and outs of the real estate realm and there is so much more to learn as things continuing to change.
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22 June 2020 | 3 replies
I am small so don't worry about management fees but the market is so hot where I am that management fees would likely eliminate a lot of properties due to poor cash flow.
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1 July 2020 | 7 replies
I pay a professional photographer and it is so worth it!
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30 June 2020 | 7 replies
My fear for you is that there is so much that all that preparation can’t prepare you for... so I fear you could forge ahead with a false sense of over-confidence.
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20 June 2020 | 7 replies
There is so much to know, have sorted and set that by time it comes to lot rents that's just a number you set and have a market study that set or justified.You have your work cut out, if not familiar it's not advisable to learn via doing, mistakes in the development world can quickly hit 6 and 7 digit range.
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23 June 2020 | 30 replies
The worst thing that can happen is that he says yes, you sign another lease at a cheaper price, and the landlord is so resentful he repairs nothing while the unit crumbles around you and you try to get relief from the court or get out of your lease somehow.
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24 June 2020 | 12 replies
Find/follow a mentor - start building knowledge and build your "bible"/checklistThere is so much to learn. and many great resources.You can signup for a course or spend hours on YouTube/PodcastIf you choose the latter - take notes and come up w/ your Do's and Don't listIf you have no cash - your best option would be seller financing. that will take time to find but will work in your favor.I hope you hear this one FULLY: If you play this right you can be FREE and CLEAR by the time you are 30-35.