All Forum Posts by: Rita Temple

But, once I find the guy.  I'm not sure what my next step would be because I'm not in the position to be able to buy it.  I guess wholesale it?  

I did Zabba and it brought his name up.  Hopefully it's the same guy.  His name is kind of common.   I also searched the county property tax and he paid the property taxes just last week. 

My husband and I found a vacant house in our neighborhood.  It has overgrown grass and a vacant tag in the mailbox.  I looked up the info on Property radar and it says the house is not in foreclosure.  Estimated value is $222,957 and loan balance is $90,500.  It has the names of the owners, but of course the address is of the house that is vacant.  What are ways of contacting the owner other than google search and Facebook?  What next?  

So my husband and I was doing a neighborhood walk and passed by an over grown yard with a tag in the mailbox that said vacant.  I looked it up on Zillow and it isn't even listed as a foreclosure yet.   What is the next step?  Go down to the county records office to find the owner ?  What if it is a foreclosure but just isn't listed yet?  

How would you go about figuring out rehab costs then?  Just assume the worst?

Okay.  Newbie question here.  If I'm going to a trustee sale to purchase a property is commonly allowed to do a walk through the house before the sale in order to bring a contractor and estimate costs in order to do the flip?   Just wondering.  I'm definitely going to go to some trustee sales before  actually purchasing, of course.  

Hi! Thanks, I already took advantage of using keywords! Chris Vail, that would be awesome for a future Bigger Pockets member meetup in Sacramento. I already try to go to the Sacramento REI meetups.

I'm sure that once I feel more secure in my knowledge in real estate investing I will probably use other methods in order to obtain those rentals. But, I was just thinking of using the FHA as a jumping off and getting going.

I was hoping to use the FHA for the low down in order to get into a house and then put some some sweat equity into it and sell it within 6 months. Use that to do it again and eventually while doing flips also start purchasing rental properties.

I was thinking that if possible to convert the FHA loan to Conventional in order for me to use the FHA loan for the 2nd house. Is that even a possibility? Am I just wishing? I have lofty goals and really like to have 20 rental properties within 5 years.

So please correct me if I'm wrong. But, I have to reside in the house for a year if it is a FHA loan? What if I was to find a house and use the FHA plus 203k loan, then once I'm ready to sell convert to a conventional loan within 6 months of living there. Or would I only be allowed to convert to a conventional loan after living there for a year?