All Forum Posts by: Jonah Wilson

Just being lazy this morning and wanted to see if anyone had any luck looking up homes behind on their taxes in Dallas.

I wonder if theirs a public list available online?

A young lady is looking for a landlord in Dallas that accepts vouchers. She has an excellent rental history according to her record. I don't know enough about Section 8 or vouchers to assist her but I recall seeing investors looking for these type of clients. Any advice would be appreciated, I advised her to look at section 8 .com / gosection8.com but that's about as far i went with her.

Thank you.

Originally posted by @Brent Coombs:

@Jonah Wilson, who says its market value is more than $7k?

(You realize that many properties go for less than $7k, right?)

[For that price, isn't that what Credit Cards can be useful for? Or, savings?]...

Comps are at 27k ( I realize tons of properties are less than 1k )

The obvious would be credit but I'm looking for real estate funding, 

would be more interested in getting around owning the property for 6months 

before taking out a loan. I doubt there are any loopholes. I may present this to a hard money 

lender.

Originally posted by @Justin Marshall:

" Keep in mind you will be making multiple payments doing it this way "....

As in assessment fees with the lender and points? Or are there other payments besides the loan?  

Need financial advice, I'm trying to get a loan to cover 7,000 in back taxes on a home, the seller is willing to sign over the deed to cover the taxes and purchase the home, where to go from here?

Im considering a home on land contract with a lot of back taxes, what are some strategies to fix this with limited funds?

Many #landlords are unaware that Ohio law requires all owners of residential rental property to register with the county auditor. If the property owner is located out of state, the landlord must also designate an in-state agent to accept service of process.

In Franklin County, Auditor Clarence Mingo recently announced that he would triple the penalty for non-compliance to the maximum allowed by law.

From the Columbus Dispatch:

Tired of absentee and other landlords not registering their properties, as required by law, Franklin County Auditor Clarence Mingo will be raising the fine for not registering to its maximum level.

“We are trying to induce greater compliance among rental property owners and wanting them to understand they have to register,” Mingo said Thursday.

The fine for not registering rental properties is $50, but Mingo is raising that to $150 — the most the law allows — beginning in December 2018 when property tax bills due in 2019 are mailed.

Liz C. Sure thing, I can email you a brochure about our area. It’s very short but detailed. If you don’t mind send me an email please JonahWilson(at)MoroccoRealty.Org I couldn’t find your contact information from my phone.

I recommend Ohio, the oil and gas is booming here, there’s a consistent supply of pipeline workers from here and out of state. You can find tons of homes here for less than 15k and put about 20k or less (due to low labor rates) and have a 60-100k home. It’s about 6,000 people here and it’s a pipeliners town. My lender won’t finance anything located in a small populated area but this is definitely a buy and hold area in my opinion. Low crime rate and a very strong police presence, it’s just a lack of investors and landlords. I’m in Martins Ferry,OH (Ohio Valley) 43935. Just my 2cents.

Originally posted by @Anna M.:

Your friend wants to use his credit to fund your deals?  How are they then "your deals?" I would at the very least consider that a partnership of some sort.  If you are into doing a partnership, then go for it, if not, then I suggest you look at your own credit score and see if you can go in alone.  Nothing wrong with partnering, just be careful you understand the implications of whatever relationship you have particularly when it comes to money and investment.  Am not the partnering type, but I definitely respect those that find value in it and it has its advantages.  My partnering is limited to learning and sharing knowledge which each other, but not necessarily doing an application together or funding acquisitions together.

I think I will focus on hard money lenders