Texas Tax Lien Investing in Houston Texas with Mike Wolf

Niche markets in real estate can have widely differing rates of returns depending on the state or county you are investing in. For real estate investor, international speaker, trainer and philanthropist, Mike Wolf, Harris County, Texas is the best place to do tax lien investing, owing to a beautiful combination of high property taxes and a unique auction process that favors bold investors who are willing to do more due diligence. Mike has been investing in real estate for over three decades, completing thousands of transactions with his teams in both the US and Canada. In all these years, he has learned the things that really matter in what he does: a good team, a good grasp of the property and the willingness to do due diligence. He is an expert in finding the most profitable deals in auctions - a skill which he now shares with his students in his Tax Lien and Deed trainings. He now joins Scott Carson to talk about investing in Texas tax liens, specifically in Harris County.
Check the full episode and blog article at weclosenotes.c...
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Mike Wolf has been investing in real estate for over 30 years. Over that time Mike and his teams have completed thousands of transactions in both the US and Canada.
Mike is also an international speaker, trainer, and philanthropist.
These days he's most known for his Tax Lien and Deed trainings where he teaches students how to buy real estate for pennies on the dollar.
MikeWolfMastery...
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www.WeCloseNote...
For more info, Text Notes to 72000!

[@tylerdavison188]

The most important things are the laws what can be owed on a property, A quiet title needs to be done and what could be owed after a quiet title. Example the Federal/ IRS can buy the house from you from what you paid within about 120 days doesn't matter what state you bought the house in. And the most important is redemption period. Never fix house until redemption period is over. Only matinence may be required if it is a deed. Meaning you have to keep up the property if it is a deed. People say this is no redemption period on a deed is the biggest lie. A lot of states allow people to buy the house back with a DEED. Example California Deed is not home clear after you buy it, Person can buy it back within 1 year. Plus you dont get money back for fixing the house. Most Deeds are very risky for this reason. What you want to do is look for the real Redemption period. Deeds and tax lien both have redemtion periods. Find tax deed and tax lien with the shortest true redemption. True redemption definition: When the buyer can no longer buy back the house.

[@WeCloseNotes]

I'm doing a 5 day note investing challenge that is open to everyone! 5daynotes.com

[@potofgoldseeker4248]

Thanks for that info. I knew about the the redemption period but never knew about the " real redemption"

[@Cqshconversations]

Facts

[@doneshabell4544]

Thanks for the information! Do we need a specific certificate to buy at in a Texas auction?

[@WeCloseNotes]

Nope....just that you don't owe taxes in that county!

[@roseamy6877]

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[@WeCloseNotes]

I'm doing a 5 day note investing challenge that is open to everyone! 5daynotes.com

[@DavidLopez-lg7oo]

after you win the bid, does the home owner have to move out during the redemption period?

[@fannyturcios7965]

Do they post a list of the properties beforehand in Harris County?

[@WeCloseNotes]

Yes, they publicize 21 days prior to the first Tuesday of the month.

[@WeCloseNotes]

I'm doing a 5 day note investing challenge that is open to everyone! 5daynotes.com

[@marcw.5492]

What are the pay options at an auction Credit Card ? Bag of Cash ? Online I assume an ACH Xfer ??

[@WeCloseNotes]

Cashiers check

[@marcw.5492]

@@WeCloseNotes I see - well that begs the question how do you know what amount ?

[@WeCloseNotes]

@@marcw.5492 People take a variety of different cashier checks. $10k, $20K, $5K etc to the auction.

[@potofgoldseeker4248]

I'm in Houston and I literally just started my real estate investing business. Now the auctions are delayed😔

[@jakewexler4782]

How did it go? I am starting one myself in The Woodlands/Spring

[@isakjones5836]

How do you pull title on a property before you buy it?

[@WeCloseNotes]

By having a title company pull it. ProTitleUSA.com can do it for you.

[@sandraanderson5849]

DO YOU PARTNER WITH PEOPLE WHO DO THIS BUSINESS THANK YOU

[@WeCloseNotes]

Mike does.

[@sandraanderson5849]

HOW DO I GET IN TOUCH MITH MIKE?

[@WeCloseNotes]

@@sandraanderson5849 [e-mail]

[@triskelaromaterapia2066]

does any one knows the % return you get ?

[@WeCloseNotes]

I believe its 18% in TX

[@SparkyWrench]

25% on first year 50% after 1 year.