Meeting Date: 15-October-2013
Attendee: Bruce, Jan, Brenda, Bonnie, TauJok, Andrew
Brenda brought few Houston Maps.
TauJok brought Excel spreadsheet of property tax sale list.
Bruce brought Daily Court Review of property tax sale list.
Andrew:
Update about the Calgary Guy who does Texas Tax Liens:
The name is Stephen Preston. He does on-site training at Houston and hand-holding to the auction. The training cost $4997. No information on the cost breakdown yet, (what is covered, hotel, meal, transport, flight, etc.)
Update about assignment purchase:
Assignment purchase is letter to be send county official requesting purchase of strike-off tax liens/deeds, without having to personally present. Bruce has phone update that the Harris county does not entertain remote purchase and purchaser has to be present on the counter to pay. This to be confirm during Houston visit.
Bruce:
Tax ID is not required to bid at Harris county. The notarised letter proving the purchaser has no delinquent tax is also not required to be prepared prior bidding. This letter will be created after the purchase. There will be public notary onsite. Cost is $10/property.
As per county official: very few owner will redeem on the last minute, maybe 2-3 properties.
This help us with preparing list and not much time wasted during research. However the key is to get the latest list prior bidding.
TauJok:
Studied the US Tax Lien Association from Tony & Saen and found out the QRP (Qualified Retirement Plan) is interesting. However this does not apply to non US citizen.
Bonnie:
At the moment will just learn from the rest.
Brenda:
Update about Dustin Hahn course. Has spoken to Shane (one of the student) that have not actually met Dustin and just follow online course.
As per Shane the important thing is to research the maximum price that you willing to pay for property, and never go above.
Shane has not bid yet but if he do, he will bid 3% to 50% of property value.
Brenda advise (and confirmed by Bonnie) for US border crossing is to say it is personal trip and the purpose is to look at property, never say business.
ASANA is the software to do research and analysis on property.
note from Andrew:
A quick search online does not show ASANA for property analysis.
ASANA.com is software for team collaboration, as the put it here:
Teamwork without email; Asana puts conversations & tasks together, so you can get more done with less effort."
Jan:
Brainstorm about getting the coach to see if this is good investment, and who is the best coach for us. Andrew comment that we are so far ahead and it maybe better to just concentrate with upcoming Texas trip and not to divide attention to coach. Brenda comment that the coach is to be Texas expert and not sure if Krystal Migliore is the one. Bruce comment that by completing Texas trip we will be much more educated and will be more efficient with coaching in future if we choose to do so.
Coach Krystal is $9000/year, once a week phone conversation.
Jan reaffirm again the investment commitment for this tax lien venture:
Bruce/Jan: $50K
Brenda: $50K
Andrew: $10K
Tau-Jok: $5K
(I can't remember Bonnie number, Bonnie?)
The meeting proceed with analyzing Houston map/precinct and tax sale list
Brenda shows a note on zip code study and indicate area of luxury/nice property at the west of downtown, however almost nothing from there comes up on tax sale. TauJok has meticulously manually copy the publicans tax sale list onto excel format.
Action item:
Andrew is to find out a way to convert
publicans.com tax sale list to excel by macro.
Bruce is to find out a way to convert Daily Court Review newspaper tax sale list to excel by adobe tool.
Brenda is to send Houston demography, best zip code, etc.
Bonnie is to look into the online or mail (remote) bidding.
TauJok is to check with Iris if she will go to Texas, as per Bruce if more people going, then two cars will be more efficient.
There is no next meeting appointment set yet, but we will continuously communicate via email (or phone, or improptu meeting) to make this upcoming Texas trip successful.
Please let me know if I miss anything.
Andrew Ardianto