All Forum Posts by: Rashard Alomari

Hey bud! Welcome to this amazing thing called Real Estate! Why don't you just call every title company nearby and ask them if they can close assignments? It may take 15 calls, but I assure you that you'll find someone in no time!

Rich Baer Ahhhh...that makes so much sense now. I'll definitely continue my search for an attorney who is willing to follow through and insure. Thanks!

Rich Baer I've gotten conflicting info from multiple title companies. Some say. Year is adequate time. Some say they must wait 10 years to insure title, but can simply sell within a year if you're willing to purchase without insurance. I'm confused as to why anyone would even touch a tax sale if there is a possibility of lien holder from previous owner putting a lien on property. Is this a realistic scenario?

I've come across a few deals that were purchased at tax sales in Shelby county, Memphis, Tn and wanted to know if anyone has experience in methods of obtaining title insurance for these properties. Or if it's even possible for that matter. I've sent 3 deals to escrow in the past month with wonderful spreads and then received word that these properties can not be insured, therefore my buyers have backed outs of the deal. Any advice or suggestions from someone who has experience with these issues?! I mean, if it's impossible for a tax sale property to be insured, what's the purpose of even purchasing it? There seems to be no security involved....

Thanks for the feedback everyone!!!

Julie Marquez it couldn't rent comfortably between $575-$650/mo Great cash flow, just trying to move quickly and acquire as many properties as I can. I guess I'm over thinking and moving too quickly. Lloyd Stanton

Anyone have any advice on Birch st in 38108? I came across what I believe is a good deal and am interested in holding this one for myself. It is a 2/1 in GREAT shape that was recently renovated by the daughter who inherited the home from her mother. She's an older lady herself, and has said she doesnt want to be a landlord. Looking to acquire this one at 18k-20k with 3k down and $500 a month. Any advice would be extremely appreciated!!!

Josh Compton Thanks buddy!

Hello all! I am fairly new to real estate investing, yet have tasted a little success and love it! My main exit strategy has been wholesaling, but I just came across a deal that I would like to hold onto myself. The house APPEARS to be in fantastic shape! Very well maintained, as it was a home that was inherited from the owners mother. To abbreviate my question, I would like to experiment with the BRRR strategy; notice I left out an R bc I feel it needs no "rehab" work. The house "zestimates" around 42k and I pulled comps in the area that supported a number around 35k'ish. I have the seller down to around 18k-20k. She's even willing to take 3k down and payments of $500 a month. The location of the home is in memphis(38108). Not the best of areas, but the home seems to sit in a decent part of that particular zip code. I want to finance this home with the bank, rent it out for a few months, and then refinance to use some of the equity for another purchase. Any tips and advice (type of loan/preferred banks/process/likelihood of being able to refinance in that zip code/etc) would be more than appreciated!!!

Hello all! I am fairly new to real estate investing, yet have tasted a little success and love it! My main exit strategy has been wholesaling, but I just came across a deal that I would like to hold onto myself. The house APPEARS to be in fantastic shape! Very well maintained, as it was a home that was inherited from the owners mother. To abbreviate my question, I would like to experiment with the BRRR strategy; notice I left out an R bc I feel it needs no "rehab" work. The house "zestimates" around 42k and I pulled comps in the area that supported a number around 35k'ish. I have the seller down to around 18k-20k. She's even willing to take 3k down and payments of $500 a month. The location of the home is in memphis(38108). Not the best of areas, but the home seems to sit in a decent part of that particular zip code. I want to finance this home with the bank, rent it out for a few months, and then refinance to use some of the equity for another purchase. Any tips and advice (type of loan/preferred banks/process/likelihood of being able to refinance in that zip code/etc) would be more than appreciated!!!