IPhone Apps are becoming more and more common as tools for Investors in today’s Foreclosure Home Business. Finding the best tools is challenging because the app market is constantly changing! This page is dedicated to readers submitting and rating their favorite investment apps. The first apps submitted are the most popular today, but as readers find new and exciting apps, please “pay it forward” and submit them! Using an app that is already listed? Tell us about it and rate it! There are five primary Apps that I find essential for real estate investors. For locating Comparables (and while evaluating…
Author: James Murphy
No matter what you call them, the claims are always the same! Investing in a Tax Deed Sale Successfully! “Make More Money!” … “Get Rich Quick!” … “Cheap Real Estate!” Who wouldn’t want to jump on the bandwagon? But before you put your hard earned money on the line, there are some things you need to know! The truth is, all of these phrases are enticing, but they can be more than a little bit misleading. Texas tax lien sales CAN prove to be very profitable, but they are not a “get rich quick scheme” and you must educate yourself…
The Harris Sheriff Auction is part of the Houston Sheriff Auction which is one of the largest Sheriff auctions in Texas! Houston is divided into eight primary counties with each county conducting its own Sheriff/Tax Sale and each producing its’ own tax sale list. Information Phone Number – (713) 368-2727 Who Conducts the Sale? – Constable Property List – Newspaper Ads Newspaper – Daily Court Review (Daily Court Review On-line) Commonly Asked Questions – Harris Website Property Search / Appraisal District – HCAD Location of Sale – Harris County Family Law Center, 1115 Congress Street, Houston, TX Time of Sale – 10:00:00 AM…
Texas Hard Money Lenders are often a last resort for a new investor, one with bad credit or one who simply does not have the liquidity to invest in all cash. What are Texas Hard Money Lenders? These lenders are typically individuals as opposed to lending institutions that have extra capital to invest. Instead of investing in traditional investments, they choose to lend their money to others at higher than usual interest rates. Their rates will vary greatly from lender to lender, but can range anywhere from twice the going rate to four times the going rate because their rates…
Galveston holds the Galveston Sheriff Auction each month on the first Tuesday of the month. Like all Houston Sheriff Auctions, it can be large and overwhelming, so it is advised that you go and watch a sale before actually participating in one. This section will give you specific information needed to navigate this sale including where to find the tax sale list. Who Conducts the Sale? Sheriff Property List – Found on the county website (Website) Newspaper – Galveston Daily News Commonly Asked Questions – Galveston Commonly Asked Questions Property Search / Appraisal District – GCAD Location of Sale – Galveston County Courthouse, 722 Moody Avenue…
Funding a purchase at a Tax Sale or Tax Auction is one of the biggest OBSTACLES for most purchasers! You already know that purchasing at these sales can be a money making bargain, but if you do not have the cash, should you walk away? Not necessarily! Although locating the cash for a purchase is difficult in the present economy, it is not impossible. As discussed in the Fundamentals all properties purchased at a tax sale must be paid for – IN CASH (or equivalent) – in full – on the day of the purchase, and usually at the actual…
Looking for a free list of foreclosure properties? Ironically, these lists are free if you know where to look! Below is a list of choices you can choose between in order to organize your list. The determining factor will be the amount of effort you wish to spend. Services – There are many services that, for a monthly fee will send you the listings and others that will provide them for free if you register for their services. If you are looking for a free list of foreclosure properties, this is primarily where they are located! Lender Databases- There are…
Freddie Mac Foreclosures are homes that have been foreclosed upon by the government institution, Freddie Mac. Like Fannie Mae, Freddie Mac is also a government sponsored entity (GSE) that was formed to expand the secondary market for mortgages and free up the funds available to lenders so that they could extend additional mortgages. Freddie Mac was created so that Fannie Mae would have competition selling mortgage-backed securities to investors. Bottom line, what this means to real estate investors is that when Freddie Mac forecloses on a home and lists it for sale, it has the same potential to be sold…
A Foreclosure Redemption Period is a period of time in which the original owner of a property that has been sold at a Property Tax Foreclosure Sale may choose to financially redeem (buy back) his or her property as stated in the Texas Property Tax Code, Chapter 34.21) . A Foreclosure Redemption Period applies to ALL properties sold at Tax Foreclosure Sales to different degrees. There are two major categories of redemption periods in Texas: Properties with Homeowner’s Exemptions or Properties designated as Agricultural Use- This category includes any property where a previous owner had on file a current Homeowner’s…
Whether you are flipping or renting, there are definitely some tricks to getting the highest income! There are also choices to be made. Selling the Property If, when working through step 6, you concluded that your property would be best suited for selling, then you now must decide between employing a realtor to sell the property for you or selling the property yourself. Benefits of using a realtor – MLS – this is the biggest benefit. Being listed on this service gives you a much larger audience than self listing. Convenience – having a realtor means that they will complete…