All Forum Posts by: Adrian G.
Adrian G. has started 23 posts and replied 256 times.
Post: Looking to network with other MI investors!!!
- Real Estate Investor
- Chicago, IL
- Posts 318
- Votes 30
Hey Scott,
I dont live in Michigan but I sure do invest in michigan, I primarily buy and sell vacant lots and SFH's.
I agree...smh.
Post: Wow, 7,700+ bids for one tax lien certificate in AZ!
- Real Estate Investor
- Chicago, IL
- Posts 318
- Votes 30
Arizona is the most competitive and aggressive state for tax liens in the whole U.S., Im not surprised by that at all.
Post: Sub-dividing and developing land
- Real Estate Investor
- Chicago, IL
- Posts 318
- Votes 30
Originally posted by Geof Greeneisen:
I would make two recommendations. 1). Purchase the property subject to site plan approval. We typically had a 3-6 month buffer after approval in our contracts before we closed which allowed us to get the project either approved, appraised and financed, or packaged and sold. 2). Don't negotiate with planning or council. You know your product better than they do. Planning Commissions and Council's are notorious for negotiating the density down, don't do it, always have a reason for layout, density, retention/detention and traffic flow. The difference between good developers and great developers is that last lot, fight for it.
I agree completely with Geof, check the Urban Land Institute. They have a ton of books, everything and anything.
Post: Any advice for Tax Lien starters?
- Real Estate Investor
- Chicago, IL
- Posts 318
- Votes 30
Originally posted by Aaron Parker:
I'm interested in giving this a shot in Illinois (Boone and Winnebago counties). Do you have any experience with them? Also, is there a good reference that you could point me toward regarding the process in Illinois? I know things vary by county, but hopefully they're variations of a state process...
Thanks.
Sorry for the delay, I dont get on the forums as much anymore. I dont really do those counties/illinois, there is way to much competition and the process...sheesh. I prefer to do out of state since its much less hassle and IMHO..more profitable.
Post: HOW DO YOU RUN YOUR BUSINESS?
- Real Estate Investor
- Chicago, IL
- Posts 318
- Votes 30
Originally posted by Frank McGovern:
This is pretty much my same situation.
Post: HOW DO YOU RUN YOUR BUSINESS?
- Real Estate Investor
- Chicago, IL
- Posts 318
- Votes 30
I too have been working alone for the past few years, but recently I have been opening some deals to a few partners this way I can accomplish more deals and so I can start seeing random faces more often haha. I do run my business with an iron fist though :)
Post: How do you know you're hooked on BiggerPockets?
- Real Estate Investor
- Chicago, IL
- Posts 318
- Votes 30
Originally posted by Jon Klaus:
Ditto
Post: Letting the owner stay for free
- Real Estate Investor
- Chicago, IL
- Posts 318
- Votes 30
Your going to loan them the money? As you said, why not just acquire the house and let them live there. You have to be careful though, Every county states that if you do a tax lien/cert that you are not to have any contact with the owners. It could cause you to lose your investment.
Post: Best Way to Break In to Tax Deed Property
- Real Estate Investor
- Chicago, IL
- Posts 318
- Votes 30
Yeah definitely drill it out and buy yourself some new locks, thats your best and cheapest route.