Can anyone tell me if this looks like a tax lien? Trying to find out who actually owns distressed property. Thanks in advance for your knowledge.
2010-04-14 $ 10 49709 97 Unqualified T-Sale < = 1000 xxxxxxxxxxx xxxxxx
2007-11-06 46020 224 Unqualified T-Sale < = 100
2001-10-04 $ 336,600 LW 31142 634 Unqualified 8-Not Typical of Market Conditions xxxxxxxxxx xxxxxxxxxxx
1981-09-28 $ 55,700 07964 92 Unqualified 9-Unvalidated/Deed Stamps
They look like non arms length/market price sales or transfers, but I'm not familiar with Ga terminology.
Do you have any thing else? An APN, perhaps. Do you know the county? There are a number of ways to look thinks up, I can try for you if you know the county.
I don't have anything other than the info. It's a small apartment building in Atlanta, GA, Fulton county. The taxes are severely behind, and there was a Sheriff sale in 2012. The only other thing I have is the address 750 Cascade Place SW, Atlanta, GA. Thanks!
So did you figure it out yet??? Familiarize yourself with the GSCCCA.org website. It's the main resource for title searchers. You will be able to find out how and to who the property was transferred (quit claim, tax sale, warranty deed) and find liens. You have to know this site to be a savvy investor or have someone perform the searches for you
Investors will pretend to help you, but... You HAVE to make it happen on your own. Study your *** off. Read books, like Find It, Buy It, Fix It, join REAI. I was only member for a short time. It was very cool meeting such smart people and connections. They make you think about things you would never think about... Like disputing property taxes or getting title insurance. They're so simple, but so complicated when you start knowing nothing. They'll connect you to resources and you'll learn a ton, but I feel the group can paralyze you. Make you feel you can't do it unless you learn every bit from every one. Real estate gurus will try to sell you their programs and wholesalers and lenders are everywhere. You be your own wholesaler and you learn on your own. Read Books!! A ton of them. then get your nose out of the books and out of class and onto the field. Scour the hoods until you find one you love.
I see you're looking at the multi family on Cascade. You buying??? I love multi family! But in my opinion don't it if it's like Vine City. Do not underestimate the power of the hood. They're soulless and will dishearten you. Stay away unless you can hold it for a long, long time. Unless there is something great in the future; such as. the beltline or a Lowes, not a Family Dollar or Wal Mart! ;)
New investors get sucked into "steals in the hood". Such as myself! I have 2 properties in Vine City I haven't touched since 2008. You can steal them for a reason. You will be dismayed. But if you want it, get it! It's a small investment and you will learn a ton. I can promise you you'll have your electric wiring stripped at least once and your appliances stolen. You'll be broken into multiple times. They're like German roaches or an impossible water leak, but if you have $350k, not making you money then do it! :) You won't lose.
After your units are established you'll probably make $50k a year... You may have calculated a smaller investment with a larger return, but to be successful you have to think of the worst case scenario, because it's probably the most likely!! Especially when starting!! Regardless, it's still a great return! If you can pay cash, you can't lose!!
You'll get a lot of headaches and you'll be disheartened and disappointed, but it's so awesomely challenging. You can be creative and create, secure your future and make money.
Make the place hard to destroy. Don't go cheap on the things that can break and scratch!! Faucets, doors etc or your weekends, vacations and family times will be ruined. Don't provide washers & dryers. They can rent them for $30/mo. carpet you'll have to replace frequently. Screen your tenants with online background checks and phone call & don't trust the super sweet ones with big smiles or the ones rushing you needing a place right away, or the ones who need help with the security deposit ;)
If you need my assistance call me at: 770-630-1704. I encourage everyone to invest.... Unless it's in my area!! ;)
Curious if you ever found the answer to this. It's Fulton County. I bought and rehabbed a property there that is now under contract to be sold and was looking through tax records for something else and just out of curiosity looked up this address. We purchased it arms length and used our own attorney so not sure why it shows up that way. What's also weird is that it shows our sale but still list the previous owner.
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