All Forum Posts by: Shawn Hurley

@Pamela Holmes how did that assignment of tax liens work out for you?  i would like to learn more about that.

@Denise Evans thank you for clearing that up for me.  If it has been at least 3 years and the state has purchased the tax lien once someone then purchased the tax deed from the state the original home owner can not sell the house to another person only redeem the property within the 3 year time period. Is this correct?

@Denise Evans are you saying that the home owner can still sell his property even if his property has been sold for back taxes? And the new owner of the property has to pay Mr. maxwell his money back plus 12% and any improvements he has done to the property.

@Robert Fidelibus hey, robert send me what your looking for and in what areas of town the price range you want to be in and i will find you some deals the meet your investment needs.  

@alisha lol.  OK great job on the effort.  But do understand 

@Anastasia Jordan  in fact you should be putting the same amount of time and energy into finding your source of funding as you do finding deals.  I think those back taxes is a safe three year plan for retirement. Buy hold rent and three years sell half for 60 cents on the dollar.  That's my plan.  I have learned how to find these delinquent tax on high end properties with $250k and up values.  Now do you think it will be hard to flip a house with 150k profit in it.  If so I'm going to go find something else to do. 

I'm sorry that post was for @Anastasia Jordan 

try dohardmoney.com or partner with someone who can get funding. Or find a private lender. Come on your a super sharp woman you can figure this out.  Most real estate investors have had ups and downs but if you want something bad enough you will find a way out of no way.  

"Never focus on the road block... 

It only blocks your vision of the road!"

@Anastasia and @Alisha D. Why not just do the flip yourself. You ladies seem organized. Find out what the true square footage of the property get bids from a local contractors which should be anywhere of 20 to $35 sqft put about 15% contingent on it. And get it done. Most hard money lenders will lend 65% ARV that's 97.5k - 15k = 82.5k to do the deal. The biggest part of the rehab is Electrical, HVAC, and Plumbing which you should take bids from licensed professionals. The biggest part of flipping a house is knowing what is done right or wrong. If you can't see those details hire some one who can. I'm sure on here won't be a problem selling a property with 35 to 45% equity in it. But at the end of the day only you know your lane or area of comfort. People often advise you to stay in your lane. I agree you should stay in your lane but I also believe that you should stretch your lane as wide as you safely can. I have no doubt you ladies will be successful your hustle alone will create that. But no matter what your niche is it always comes back to the numbers. This is where you make or loose your money. Do the math have two or three exits, do the deal.

You need to contact Denise Evans. She is a expert in this area. Great hustle keep it up. I would like to know more about that city program you spoke of that will allow you to buy abandoned houses.