All Forum Posts by: LaTonya Johnson
LaTonya Johnson has started 3 posts and replied 22 times.
Post: Best Way to Start with Commercial REI and Finding a Mentor
- Investor
- Houston, TX
- Posts 23
- Votes 3
@Sonya B. how's your progress?
Post: Surviving Liens After Tax Sale
- Investor
- Houston, TX
- Posts 23
- Votes 3
@Arnie Abramson I'd love to hook up with you while you're in Houston.
Please send a PM.
Post: Newbie here, question anout Tax Deed in Texas
- Investor
- Houston, TX
- Posts 23
- Votes 3
Hi @Charles Nguyen,
Have you been to the auction in Houston lately?
If so, what's the environment like?
Post: NEED HELP ON 120 UNIT MULTI-FAMILY?
- Investor
- Houston, TX
- Posts 23
- Votes 3
No problem Lee! I just believe that it's all about helping each other. If that's not the intent then silence is the best option.
Post: NEED HELP ON 120 UNIT MULTI-FAMILY?
- Investor
- Houston, TX
- Posts 23
- Votes 3
@Jeff B.Yuck. You're not being very nice at all. Persnickety and uncalled for.
Post: How Did You Locate Your Last Multifamily? How Many Units Was It?
- Investor
- Houston, TX
- Posts 23
- Votes 3
@David Dey... David, I'm figuring it out; this public records thing. Thank you dearly for sharing this invaluable information.
Post: New to BP, But Not New to RE Investing;-) Seeking 60+ Units
- Investor
- Houston, TX
- Posts 23
- Votes 3
Thanks @Joe D. and @Mark Nolan! I'm happy to be here.
Post: How Did You Locate Your Last Multifamily? How Many Units Was It?
- Investor
- Houston, TX
- Posts 23
- Votes 3
Originally posted by @David Dey:
I have bought numerous multi family units from 2 units to 240 units, from block apts to mobile home parks.
Yes I have used realtors and referrals to get the deals but 90 percent of my deals I originated myself using public records.
Every property appraiser in every county has a database of every single property in that Is in that county. This is of course so they know who owes them taxes.
Furthermore, they break down the properties by DOR use code (or property use code) so they know exactly what type of property is based on its use code. (Ex: I have 3224 duplexes in my county)
Since the lists are government lists, I have the right to access them. I can further break the lists down in my spread sheets to include owners out of state, oldest sales, etc. once I've done that to build my perfect list, I skip trace the owners and call them and very simply ask them if they want to sell.
I've done hundreds of deals from little duplexes to full size apt complexes this way.
Hope this helps!!
So David, do I just contact an appraiser to obtain the list?
Post: New to BP, But Not New to RE Investing;-) Seeking 60+ Units
- Investor
- Houston, TX
- Posts 23
- Votes 3
Thanks @Ken! Will do.
Post: New to BP, But Not New to RE Investing;-) Seeking 60+ Units
- Investor
- Houston, TX
- Posts 23
- Votes 3
Good evening,
My name is LaTonya Johnson, and I'm new to BP.
I've found some very interesting articles thus far, so it seems like I'm going to become a regular here. Plus, it beats the heck out of Facebook!
I'm currently looking for the following types of apartment complexes:
Class: C+ to C
#of Units: 60-180
Cap Rate: 7%+
Roof: Pitched
Metering: Individual
Value Play
Markets: Texas, Louisiana, TN
I'm always looking for good contacts (attorneys, property managers, inspectors, CPAs, appraisers, etc) , so feel free to share. I have a team, yet as I expand my knowledge base, the knowledge of my team must expand also.
If I can help in any fashion, please do not hesitate to reach out to me.
Regards,
LaTonya