All Forum Posts by: Darien Gipson

Also since you are a licensed agent, you should have access to expired listings. You can mail to those as well. I get fairly decent responses from expired listings.

Congrats Eric,  I've only heard good things about Belize from friends who have visited.  I hope to vacation there over the next couple of years or so. I'd love to try out your resort when it's finished.

@Account Closed  I'm with Champion Real Estate Group. They charge about $175 a year and a small broker fee per sales transaction. They don't take a percentage of your commission. Just a set fee. It's ideal for an investor.

http://www.championsrealestategroup.com/

Hello @Paul Holub welcome to BP. I'm also an investor and agent in Houston.

I'll be there. Looking forward to seeing everyone.

I should be there. Looking forward to meeting everyone.

I'll be there. Looking forward to seeing everyone.

I'll be there.

@Ilhan Dahir The most comprehensive list I'm aware of is www.foreclosehouston.com. This is the list that's used by many local investors. Only a handful of listings are available for free though. You have to pay a fee to get the whole list. Now a site that has free listings, but these are only for tax pre-foreclosures is www.publicans.com.

@Karl James I'm also looking into starting off my investment career by focusing on tax foreclosures initially. I know of a couple of investors who are knowledgeable on tax lien properties and have been educating me on the process a bit. From what I have learned is that redeeming properties is very rare, especially in the Houston market which includes Harris County, Fort Bend, etc. But I don't know the exact rate. Just think about it. Per property tax code:

The original owner must pay the

person who purchased the property from the taxing unit the

amount the purchaser paid for the property, the amount of the

fee for filing the purchaser's deed for record, the amount paid

by the purchaser as taxes, penalties, interest, and costs on the

property, plus a redemption premium of 25 percent of the

aggregate total if the property is redeemed in the first year of

the redemption period or 50 percent of the aggregate total if

the property is redeemed in the second year of the redemption

period

If they couldn't afford their taxes, most likely they won't be able to afford what it cost to redeem their property within that 2 year period. The draw back with buying tax foreclosures is the inability to get title insurance. My strategy is to get them at the preforeclosure stage.