All Forum Posts by: Charley C.

in the 1930's I saw on some deed history where a man bought the rights for the person that lost their property in a tax sale, then he paid the redemption and took 200 acres on the freeway for peanuts. Thats orgin of this idea

For what its worth, I am heir (one of many) to 10 may be 100,000 acres (it was in the 1950's; paid to our family to satisfy a debt) deep in the desert of west texas but nobody, no county clerk, no apprisal district can find the records?? hmm (I dont even know the county). Last person that seen the land died over 30 years ago, "it was too dry to run cattle". Now there is more oil there than the middle east. Pretty sure that recorded deed was put in someones fire place that worked at the clerks office

thanks for the input, everybody

We all can find dysfunction slightly corrupt governments are all over the planet. SMALL Appraisal districts often are just that.  I am not saying where my hard work found them but know there are no shortages of what I just described

You see, those types of appraisal districts don’t want to foreclose on their friends mobile homes or old family farms so its an big ordeal for them to auction off the local neighbor’s homes. They do tax sales like every 2 years

I can be a jerk with the open records act and all but thought it would be easier to just buy the information.. and skip searching with just the white pages usually nets my results, Not whole lot of money to be made but it looks like a good living

Now to answer the question about the redemption period, if the redemption amount is low enough, it works. At closing, redeem the home, buy it from that person who redeemed (or in the act of at closing) it. you will need a cooperative title company. And I seen it done many years go but not recently

I would be interest in buying the names and addresses of property owners that are delinquent for more than a year.

I would also really like to buy the name of any former property owner that is still within the redemption period (those can be the best)

Answer me here or message me (I will find your messages faster), I dont need the whole state of Texas, I only need a few counties at a time

 here some unselfish advice: 

1) keep your eyes on your assets. Project that small needs to be ran by you. Don't buy over an hour away from where you live   

2) 2.5 mill? find a small niche market thats not real popular (yet) but will be.

3) sounds like you are a GC, so am I, use that talent to leverage a good deal. Stay away from water damage, there is no way you can figure that expense behind the siding, behind the sheetrock, I got a feeling you know that

4) buy from people who have to sale, estates, divorces, partner fighting etc

5) get your money from a small bank where the owners of the bank will know your name, no more than 4-5 branches. big banks will get lower FOS appraisals almost everytime and then could turn you down a day before closing (both have happened to me). But never will that happen with a bank owned by people in the same community as your property. Those little banks love those little deals guys like us

If you decide to relocate to houston, look me up, I get those little deals offered to me all the time

I am going to sell an office condo with a business, and I want to figure out the value of the property part of the sale. This is near The Woodlands and the market rent suggest $23 a foot per year triple net with 2650 SF . Decent car count and place to put your own sign, good area, lots of good upside.

Can someone chime in and tell me what that might be worth? Is the cap rate 6%, 7% or 5%? Please tell me

I have a had a plethora of people pulling that stunt, what they did to you is insulting. Perhaps you would need tell them straight up in a stern polite way that letter is a farce. Tell that liar to go get a real letter from the real licensed medical doctor. I do it all the time. Those out of state letters that say they have licenses often are people impersonating the licensed doctor, I even found where one tenant paid $300 for a phone call with the "doctor" and it was not even the doctor with the license but an imposter. I got too many stories to tell but I stop there

I did look in to petscreening and I think they write their own rules and don’t know the laws. They will even accept any ole social workers letter. Also read the laws, from TEXAS many documents you can search up on the sates websites. More critically, the laws point out that the tenant must not be able function with out the dog. That said, if the doctor (who is not a lawyer) does not put that fact there in the letter? Well, you fill in the blanks.

This ESA thing has gotten way out of hand

Good luck

sounds like the owner is just tired of being an owner so thats part is a good sign. Not sure about your state's laws and how they work but we usually send the tennts an estoppel to sign. This get a you a more certain lease. Usually this is before you close. My only fear is the owner may not have the leases but the tenants do and they are nothing like what you thought they were. heck its just 4 tenants. Now you know what you got to do. Good luck

Historically? cap rates have been effected by the interest rates and changes in capital gains taxes. 

I am not getting in to about tax laws today but interest rates have been used as a tool to calm down the inflation spawned from a hot economy.. thats not the case this time, we got inflation from a supply chain problem (lazy brats with everybody sitting in their duff economy) 

Now its just my opinion, problem I fear most, is the feds will misdiagnose the problem and hike interest rates than will bring stagflation.. and at that point all bets are off 

Hello everybody. Sometimes I get lucky posting here to find subcontractors. I am in Texas close to Houston. I build apartments. I have no lightweight concrete contractors and now I need some. This is the concrete product cast  on the upper floors of apartments. If anyone has some leads, please send them my way. Thanks

Good point. The Valley in Texas takes more finesse than most places. I don't live down there but have some holdings I am trying to get going with more development. 

Currently, I build apartments around Houston. My plan is finish building what I got here north of Houston then head that way south. I know the Valley rents will support some new apartments on a 10 acre tract near UT. South Texas (or U.T. Pan Am University)  then got a huge parcel in Elsa, Tx to do a planned unit development of some kind. 

The planned unit deal will require a lot of time and meeting people, getting them financed on what they want built, architects, engineers, city officials, and its lot of work and providing basically a service to the end user the whole time.

Apartment property:? : I just don't know of more fruited plan than South Texas. For example, I got land on the market at $4 a foot, flat clear city tract cheap to develop. Rent comps at $1.50 a foot/month with waiting list last I checked. That land for $4 a foot? where else would you find that? If I wanted property in a hot rental market like that anywhere near Houston? that's $8-$10 a foot if I want to buy it off the shelf.