All Forum Posts by: Jordan DeGusipe

We did. Both properties are mortgage and lien free.

Can't figure out how to post photos!

Hey guys, Husband and I are super new to real estate investing, first of all. We went to the judicial sale (free and clear) sale today and spent $10,750 total. We spent $2,000 on a half duplex in a decent area about 20 min away from us and another we bought is a home on 5 acres with a lovely creek bordering the property. We spent $8750 on it. Now, the house is AWFUL and so is the half duplex. But does it sound like we made a bad investment?

Good for you, this is inspiring and amazing! Further solidifies for me that real estate is the best possible option for wealth building

Hey guys!

26 year old first time flippers here.

We recently acquired a home for an amazing deal. Property has over 20k in judgements against it and needs a good 20k worth of work, but is worth close to 130k right now, it will be worth 170k-180k once its rehabbed. We bought it for 20k plus are paying off his judgements, which brings the TOTAL, without rehab, we are paying to around 55k-65k upfront plus HOA fees, taxes, etc.

The property has the following stats:

Worth 170-180k flippped.

-20k in judgements due

-15k mortgage needs paid off

-20k to homeowner

-1,550 annually to the association for 10 years (need to check on this)

-HOA fees yearly of $665

ANYWHO. We have the cash to do this, but should we get a loan through the bank to flip the house? Or pay the repairs in cash to avoid the interest fees?

No matter how you look at it, we are looking to make atleast 30k-40k profit guaranteed, I would say.

Thank you!

Thank you so much Hobart!!! I truly appreciate your response, going to check out his website as well!! So great to be able to come here for guidance!

Hi guys, 26 year old newlywed from PA (tax deed state) and very soon to become a tax sale investor.

My husband and I are looking  at some properties but are new to this territory and real estate investing in general.

Firstly, any advice you have in general on tax deed sales would be great. Secondly, can anyone clarify the following questions for us? (listed below)

1. If there is an existing mortgage on the house, who is responsible for it?

2. What does the potential of "paying off bank" mean in respect to an existing mortgage on the house?

3. How much should we expect to pay in house taxes each year?

4. Any advice in general moving forward with this? Warnings, cautions, etc.?

Thanks guys!!!