All Forum Posts by: Account Closed

Likely you can cross off Lakeland and Tampa. In both markets its very difficult (impossible) to find a $50k/door

@Ross Denman thank you sir!

Thanks Michael. From there which option should I choose ?

I'm trying to look up the purchase history of a property I'm checking out in Indianapolis, also wanted to check out the most recent deed recording. After some time of searching I found this: https://www.indy.gov/activity/search-real-estate-records-online

They are asking for $6.95 per deed lookup and $1 to print every single page. I also went to their free tool https://in3laredo.fidlar.com/INMarion/DirectSearch/#!/search#%2Fsearch and it provides very minimal information. Some of it is also blocked and I'm being asked for money again. I know in Florida these things don't exist and all the information is public. Am I looking at the wrong place or is this real ?

Thanks @Colin G Murphy I appreciate the in-depth answer. In 'complicated' situations isn't it the title company's job to have it resolved ?

Hi Guys, I have Quickbooks Pro and I've been able to use it until today pretty well. In the past I just gave my accountant the closing statements of each property and let him do his magic. I'm trying to improve my QBP utilization by adding the properties into my QuickBooks and would love to get help on how to add them + set up the depreciation. Can anyone help me out or provide me with a site/video that has instructions ?

Thanks!

 That is correct. 

Hey Damon, I know you want to jump into action, but have you listened to the podcast show ? If not, I recommend you take the time to listen to a few (or many) episodes to educate yourself. The podcast is really good and I'm sure you'll enjoy it.

Another interesting piece of information is that the taxes for the property have been paid by a bidder - can anyone clarify what this means ?

I'm looking to buy a property in New Port Richey, Florida.
I went to the property to check it out and it was disgusting. It was vacant, in really bad  shape, animal feces in multiple places and overgrowth growing into the property. Overall needs a lot of work - But I'm not concerned about the rehab.

I'm looking to pick this property up from a wholesaler and the property was owned by an individual that died. The wholesaler is telling me the closing is going to take place in about 30 days as court passes the property to whoever in the family inherits it. Additionally, the property has 4 liens in the county clerk which are:

1. Water bill +- $250

2. Paving the streets / special assessment bill for $3000

3. Code enforcement +- $300 for being unsanitary conditions

4. Another special assessment (not sure if the same) for $5475.50

. We are going to use a title company for the closing. Being a relatively new investor, am I taking a risk here with these liens ?

What should I look for to make sure I don't slapped here. Overall there's a there's upside potential on the deal.

Thanks!