All Forum Posts by: Jason Pachomski

IMHO this whole thing sounds like a hot mess ;-)

Texas is a weird state in that there is still a redemption period after the property is sold at the tax auction. In your case though it sounds like this is a foreclosure auction and I don't think the same rule applies. 

The big question is, even if you COULD get the deal done in time, is the land worth enough for you to pay off the mortgage, pay off the back taxes and then still have enough of a spread to make it worth your while?

Originally posted by @Sebastia H.:

Welcome!

Could always use another investor in LA :)

Hello from Lake Balboa @Jason Blue @Sarah Harris and other fellow Valley Rats! @jason I've recently started focussing on vacant land myself. We should talk...

@Jason Blueundefined

COngrats @Victor Noriega love hearing success stories. I've just sent out my first round of mailings to vacant land owners. Fingers crossed that I have better luck with these than I've had with SFR

Land banking with a property that you can also actually enjoy... sounds like a win-win to me.

@Martin Scherer do you invest in vacant land up in your area? Coincidentally I've been looking into the Clearlake area. Anything I should watch out for?

Scott K. http://kentuckybasketballforum.com/uploads/images/LOL-UMAD-BRO1gqf.jpg

Quick question: can anyone give me a recommendation for an 800 number provider?

Thanks!

@Jacob Bunce yeah I don't think Listsource does have that option. I've heard that FMSN lets you spit out lists of vacant properties, but I've never used it myself so I can't confirm or deny that. You could always do a search online to see if your city or county has a list of vacant/abated properties if you're looking to target those. Unfortunately, that list probably won't have any owner information though.

Jacob Bunce an absentee owner is simply someone who owns the property but doesn't live in it (I.e. A landlord). Doesn't necessarily mean it's vacant. As a matter of fact I'd venture to say 9 times out of 10 it's NOT vacant.