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All Forum Posts by: Derek M.

Derek M. has started 3 posts and replied 39 times.

Post: Paul Zofsak from Cypress TX

Derek M.Posted
  • Investor
  • Houston TX / Lynchburg, VA
  • Posts 56
  • Votes 46

Paul Zofsak Welcome to BP! I've been a member for about a month or so...

I'm also a Houston areas investor. Primarily looking for wholesale and rehab deals.

After watching all those cooking competition shows on TV (Chopped, Hells Kitchen, etc), I can imagine how stressful your job it!

Post: Possible deal!?!?! Helppp!!!! Deal!! or No Deal!!

Derek M.Posted
  • Investor
  • Houston TX / Lynchburg, VA
  • Posts 56
  • Votes 46

The numbers alone wouldn't do it for me (based on an ARV of 38K, but you would have to run accurate comps to get a better figure). She would have to get a little more motivated... and that's without even talking about the foundation issues.

Post: New member from Houston,Tx

Derek M.Posted
  • Investor
  • Houston TX / Lynchburg, VA
  • Posts 56
  • Votes 46

Welcome Mohhamed Syed

I'm in the Houston market and also recently joined BP... Enjoy...

Post: TEXAS - Community vs. Seperate property - need advice

Derek M.Posted
  • Investor
  • Houston TX / Lynchburg, VA
  • Posts 56
  • Votes 46

Steven Hamilton II

Thanks. Can you tell me how I find out who is specifically on the deed, as opposed to merely on the tax assessors site? Thanks for the help!

Post: TEXAS - Community vs. Seperate property - need advice

Derek M.Posted
  • Investor
  • Houston TX / Lynchburg, VA
  • Posts 56
  • Votes 46

Hey Folks,

Let's say a lady (let's call her "mom") in Houston is named on a warranty deed through public records. Several years back mom was named along with her husband ("dad") on said deed, and once he passed away a few years ago she filed to have his name taken off. He didn't have a will, and this house was given to both of them as a wedding gift a long time ago.

Long story short, mom would love to sell her house, but her step daughter (dad's daughter) seems to think she has some ownership rights (and she may), and therefore doesn't want to sell at a price anywhere near what a run down vacant house should sell for. Mom, on the other hand, is very motivated. With back taxes looming, the house may be gone soon anyway. The step-daughter doesn't contribute anything towards taxes, etc., just wants more money at the sale.

Is this whole deal hinged around the step-daughter? From my understanding there will need to be an Affidavit of Heirship completed if this goes under contract, which will give way for the step-daughter to contest the sale, etc.

As of now I'm staying away unless there is a work around I don't know about.

Grateful for any advice.

-Derek

Post: Late Introduction

Derek M.Posted
  • Investor
  • Houston TX / Lynchburg, VA
  • Posts 56
  • Votes 46

Welcome back at you, James.

BTW, did you make it to the RICH club meeting yesterday in Houston?

Post: Newbie in Houston, TX

Derek M.Posted
  • Investor
  • Houston TX / Lynchburg, VA
  • Posts 56
  • Votes 46

Thanks guys! Yes, there seems to be a plethora of info on BP. I love networking and learning each and ever day...

Post: Newbie in Houston, TX

Derek M.Posted
  • Investor
  • Houston TX / Lynchburg, VA
  • Posts 56
  • Votes 46

Thanks, Carolina! Yeah, I've been going through some great training and have been marketing and getting leads for the past month. I'm hitting it hard, and have a very specific and focused vision, purpose, and goal... plus, it just feels great to succeed! :)

Post: Newbie in Houston, TX

Derek M.Posted
  • Investor
  • Houston TX / Lynchburg, VA
  • Posts 56
  • Votes 46

Hello everyone,

I'm getting into wholesaling and rehabbing in Houston, TX. Would love to network...

I've been lurking through this site for a few days now and figured it was best that I join. Lots of great info on here!

Excited to make connections...