All Forum Posts by: Christian (Whitehead) Scott

What resource do you use to find & pull tax delinquent properties? ListSource doesn't have that feature. TIA!

Thank you for sharing your experience with the journal Jerry! I too plan on purchasing the journal this week.  

Let me ask this though, I was thinking the journal was somewhat of a to-do/task list for each day for only 3 months, but from your last comment, perhaps it's more of a goal tracker? 

@Robert Walston

I haven't put down anything as yet...listings are going quickly here, before I can even get an offer on the table, the listing has multiple offers.

Not joking, today, July 6th, received an email alert from an agent for multi-fams, texted realtor at 8am to put an offer on a duplex, she calls me 8:15am & says their deadline for offers was 5pm yesterday. "OMG. I just got the email alert at the butt crack of dawn, how was the deadline set for yesterday?" Apparently, the property was listed after my email went out, the owners/realtor was inundated with interest, so they set a deadline for end of that same day.

@Robert Walston The lender I just gave the "green light" to get pre-qual'd mentioned putting 20% down to help lower the monthly payment, but I didn't really question it, as I don't plan on doing that if not required.

But something that did catch me off guard was that he suggested I might need to show the

(income) ability to carry the entire note, as if there were no tenants.

This may not be difficult for a duplex but a 3-4 unit would be.

Is this normal, accurate? I thought tenanted units count towards the/your income. Lender said tenant would have to deposit $$ into my bank account prior to closing in order to show that it's my income & what owner would allow that?!?! NONE!

How do you work through this?

Thanks @Bart H. Good thoughts & yeah, I'm not about that jail life either, so I really do plan on moving in! :>)

I "amen" what @Logan Gerard has said! The market here is cray cray! In my opinion, it's one in which was recently said on the BP podcast, rather than finding a deal, you have to create one.

Over the last 7 days, there have been 2 duplexes I seriously was considering & before I could get in to see it, the realtor said the owners received multiple, cash offers over asking price! This has become quite common. Great for those who move here from out of state, but for those who have lived here for years, on the same income & with little to no investing knowledge, it's not so pretty. :>/ But I love it here & would love for my family to move to TX. So I say C'On!

@Logan Gerard Would love to be sent any multi-fam properties you may have. 

@Michael Lee

Thank you as well for the detailed response. You, I'm sure, being in Coppell, are familiar with the DFW market right now. I mean, the property I initially wrote this post regarding is no longer available....4 days later!

HECK! A duplex that went on the market this morning is no longer available when I requested a showing this afternoon!

If you don't suggest duplexes, what property types do you suggest? And how would you find these? I'd love a quad, but don't come across them often.

Hey! Thanks all! I need to make sure my alerts are turned ON! Only now seeing the last 3-4 messages. Really appreciate all the feedback!