Tax Seazed Propertys
I am new to property investment actually I have never made one.However im interested in tax seazed property,and was thinking of buying one of them home trianing corses. Can anyone give me advice. Thanks Brian
Amen! So be it!!! Damn skippy!!!!!
I would also suggest getting your spelling and grammar in check before trying to look credible to the bank. Just being honest.
Tell us about your home state. Perhaps then I can chime in, give you the low down, etc.
Well, first of all let me apologize for my spelling and grammer.Second I have enough cash not to have to worry about looking credible, to some asshole banker. Third my state is Texas if anyone has any input on tax seized property, in my state. Thanks Brian
"Second I have enough cash not to have to worry about looking credible, to some asshole banker"
Great response!
Chris
Sho nuff.
Yeah, it appears the steps for these tax properties are not universal and can be different from state to state. Although the end result is the same, the way the laws allow an investor to get there can be varied. Kind of like checkmate is the goal but the moves you make from game to game are different. Good luck.
Funny comments about the spelling! I do believe that if you have enough money, they could give a **Please See My Profile** about grammer and spelling!
Monica
after readinf an online FAQ or a book make sure you understan what you are buying. Are there tax fed/state income tax liens, is there a repurchase peroid etc.
The money is subtracted from the funds that the seller would receive.
I did this once, but the repairs were done before the home closed - it was an allowance for repairs. The contractors submitted their invoices to the closing title company and they cut the checks to them. Other then they (contractors) had to wait for closing (which I explained in advance) there were no problems. One got a little annoyed when closing was delayed a couple days, but they did get their checks.
Hello I have a few questions for you.
Do you have an executive summary? How much experience do you have in the industry? What state is the property located? Do you own any property that you can use as collateral?
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Chris Blanks
Blanks Marketing[ Edited by commercialking on Date 04/01/2007 ]
I have to second Stdavid.......
Finding money for next to nothing and purchasing property for yourself is like finding the holy grail! I have been wondering where all the money is that everyone talks about and it doesnt exist. Once you make your first purchase you can leverage it (assuming your first property appreciates quickly or is a steal from negotiating). You also add your tax returns plus money you make and buy the next one.....then you will have collateral and negotiating power not just with owners you are looking to purchase from but lenders also.....I have people fighting over me to borrow from them. I have to admit though my credit was always stellar.....then it is a matter of finding good properties that make money.
Pierre - you definitely sound like you know what you are doing. Where could I find out more about that 16 session workshop? I think I could really learn a lot from something like that.
do you have a bottom line number you need and the IRR for each year of the project?
a draw schedule
What do you forecast the total holding period to me?
Thanks.