All Forum Posts by: John Griswold

Clear title is obtained after one year in GA. After that, no banks or person can make a claim. But until that one year is up, a bank with a lean on the property can still repo the property. So if you buy the property before the year is up, there is a chance that you could lose it. But a lot of tax buyers , like easy money and wholesale the properties instead of doing what it takes to increase the value and market it themselves, so you might have a good deal on your hands. Congratulations on being informed before you make the jump! Not everyone is that smart ;)

 Are you looking for a turnkey rental or one you are willing to work on? I was run over by a truck in a parking lot a year ago, so I don't do remodeling anymore myself. But, I can certainly give you some tips to help you save $$$ and use better materials.

 Hey Andrew,

There are some local auctions going on right now. Check out https://www.auction.com/residential/bm_st/48_rpp/1...

and the HUD website - https://www.hudhomestore.com/Home/Index.aspx

The HUD website is really hit and miss because of how they value the properties I suppose. Some are deals and some aren't worth the dirt that they are on. I have 20 years remodeling experience, feel free to call me if you need help with an evaluation on a property that you are considering.

This guy is in Smyrna. I've been watching his posts for a while because I'm very careful about who I do business with, and I will be calling him as soon as I find my next good deal. 

http://www.biggerpockets.com/users/shepnerd

I just finished taking an online course through GIRE(Georgia Institute of Real Estate, georgiarealestate.education), online is very nice, but I would definitely not recommend the course provider that I used. 

Darrell has great comments! Straight to the point. 

Proof of funds from the bank would help encourage the sellers to give an extension. If they are really in a hurry to sell, then even a 30 day extension for you would likely put $$$ in their hands faster than selling to someone else. Your realtor should be able to help you with a lot of this; remember that the realtor works for you. 

Jerry, If your mother has lived there for over 20 years, then I would assume there is a good relationship with the owner. I believe a contract for deed with no money down would be quite appropriate. The owner would still be getting monthly income but they would no longer be liable for any land lording duties. What communication have you had between you and the owner concerning purchasing the house?

Flat roofs are often viewed as big detriment to a property because they draw so much heat into a building and seem to be almost impossible to fix. But newer materials can keep a flat roof worry free for 25-50 years. IMO the best option for a flat roof is TPO roofing. Instead of typing everything out, I will post a link from a TPO manufacturer. The energy savings are excellent, and the durability is unsurpassed(to my knowledge). Publix grocery stores are using TPO on their newer stores because of its efficiency. Two people can carry a 1000 square foot roll, so it's a good DIY material for small roofs, but I would recommend hiring an experienced contractor for jobs big enough to require seams. Here is the link, don't be scared of a flat roof! GAF brand TPO vs Rubber roofing

What condition is the 2/1 SFH home in? What year was it built? How is the aesthetic appeal?