All Forum Posts by: Joshua D.

also recorded more then on county records comes up on trulia and all websites when you type address in on google

HAHA  thanks for the response you would have had me with that pitch. Great response and thanks

When buying real estate does it matter that people can see what you purchased property for and then wanna resell for? Is there a way you can change the number say higher for what you actually purchased for? I would think it would possibly effect trying to resell a property when i bought it way under market value and then wanna resell one day for market value.

@davidkrulac

Hi! 

We recently bought a property at a judicial "free and clearsale for $19,000. The tax assessment on it is $61,000, but the real market ARV is around $90-120,000. It needs around $20,000 in work, including a tree taken down out front and complete renovation.

NOW, because we bought it at a judicial sale, should we wait until we receive the tax deed to start renovations? Would you clear the title through a QTA before beginning renovations? 

We also may be able to get the previous owner to sign the title over to us for cash. That hasn't been confirmed yet, but its a possibility.

Either way, we were curious when we should enter and start renovations. Doesn't seem smart to start reno before getting the tax deed, which will take a few weeks, but is it really necessary for us to clear the title prior? 

PA area?

@David Krulac

@DavidKrulac Do you have any tax sales classes coming up? I'd love to be apart of the next one and register to attend. I'm in the Pittsburgh area and can travel to you.

Gotcha. That makes sense. Would they be responsible for paying off the back taxes before I bought the property, or could I buy the property and then pay them myself afterwards? @davidkrulac

Thanks @davidkrulac and @stevebabiak. I knew you both would be the ones to ask. I very much appreciate your advice.

Am I able to buy these houses BEFORE they go on the upset sale list? If so, how would that work?

I assume the houses on the free and clear sale would be too late to buy before they go to auction, but what about the 'upset sale' homes? Any ideas as to how I could acquire them before they go to the sale?