All Forum Posts by: Reid Mayo

Thanks for the followup Mark.

Great advice Jason. Thanks for the tip.

Originally posted by Sam M.:

Yikes! You really didn't check lien position. That could end up being the most expensive lesson of your life.
I hope for your sake it was a first position lien foreclosing.

Back taxes can get you too!

Sam, what does this mean? What is a lien position? Is this like a double mortgage on the house or something? Also, how do you get stuck with back taxes? The taxes stick with the house? And how do you look into this information?

Thanks,
Reid

Realty Robot said:

"On the MLS, look for expired listings that are currently in pre-foreclosure by comparing with your pre-foreclosure list."

How does one find pre-foreclosure data? Or more importantly, how does one find accurate and timely pre-foreclosure data?

Thanks,
Reid

Wow, this is a rough situation with no easy out.

This seems like the wisest advice on here.

Well now you know :-)

also, check out http://pipl.com. Kind of scary what you can pull up on people. I don't have much of a history yet though so good luck finding anything interesting about me lol :-)

First of all Matt. For the love of god, why do people think the internet is anonymous anymore? This isn't 1995. The internet is quite the opposite these days. Basically everything on the net is trackable if someone cares enough.

You don't have to be a "super l33t hacker" or anything like that. Honestly all most internet detective work takes common sense.

You know what I would do if I was a lawyer and got your case? The FIRST thing I would do? I would google your name, city, state.

Guess what happens when you google "Matt Salazar San Angelo tx"? Just click the link below...

http://lmgtfy.com/?q=matt+salazar+san+angelo+tx

Oh, and while I'm at it, hello Matt's ex's attorney. I know you are reading this.

Next time use a throwaway account...

exactly the answer I was looking for. thanks.

Originally posted by MikeOH:

The squeaky wheel gets oiled - meaning that if you keep contacting the police, and especially if you go have a personal talk with the police chief, you may get some action.

Reminds me of the scene in The Shawshank Redemption where andy dufrane sends a letter a week to the local government for 5-6 years before they finally give him $200 to buy some books for the prison.

You can always try the news route too. Build up enough quasi-evidence about the dealers and document your dealings with the landlord then send your "documentary" to a small time local news station when nothing else is going on in the city. It might be B-footage but some stations will take any story they can get their hands on--especially a good investigative muckraking story. Could probably embarrass the landlord into some action, and who knows you might have some fun doing this too.

Whether this would be too dangerous would be based on how anonymous you are able to keep yourself. Anything's possible.

I'm looking at a house that is a bit sticky. It is in a warzone but even with that priced in it is quite a bargain, practically a steal actually (highly highly highly motivated sellers).

With this type of situation, I would really only be comfortable trying to rent it out if it was section 8 to lesson my risk of non-paying tenants. Even at this point it probably would be too much of a headache to hold indefinitely but it would easily cash flow till I was sick of it and then could probably be flipped in the future for decent profit (high ROI even if actual profit wasn't huge).

What is the process for getting properties approved for section 8 tenants?

Thanks team.