This entry treats tax lien investing at capital scale: deploying significant capital systematically across many tax liens, often through funds or organized buying operations, rather than the individual purchasing a handful at local auctions.
Log in to followI wanted the pipeline before I wanted the yield, so I sized this to be survivable rather than meaningful. $92k, 38 certificates, two counties in one state, one servicer. Average c…
Portfolio was $290k across 90 certificates, nine counties in four states. The plan was geographic spread. What I actually built was nine separate procedural calendars and I tried…
I'm working through licensing on the service side and looking for something to build around. Three separate conversations in the last month with people buying liens at volume ende…
$9,400 total, my first attempt at this. The county had a list of certificates left over from earlier sales that you can buy directly at the stated rate, no auction, no bidding aga…
This is the tail risk I'd written down and priced at zero. 140 certificates, mostly small residential, spread over four counties. 131 redeemed and the book earned $61k of interest…
Reading through material on lien funds and the phrase that keeps appearing is government-backed. I've read it maybe a dozen times this week and I still can't tell what it covers.…
Posting this because I went looking for someone's version of it and couldn't find one. I wanted to try liens directly before deciding anything. Registered in two counties, wired d…
I'm trying to work out where someone like me sells services into this rather than putting up capital. If an operation is bidding on a few hundred certificates a season, what parts…
Numbers first. 45k in, 46.1k out, 31 months. That's roughly 0.9% a year before I count the time I spent reading their updates. The stated target when I came in was a statutory rat…
I put 25k into a small lien fund fourteen months ago, mostly because I wanted one position that wasn't tied to the service business I'm building. It came back at 26.9k after fees.…
Two things I've read don't fit together. One says you can buy a tax lien for as little as $200, which makes it sound like the most accessible thing in real estate. The other descr…
I wanted income without a second job, and I'd been told repeatedly that liens are a job. So I went the fund route instead of buying certificates myself. $75k in, three year term,…
I have about 400k sitting in short term paper that I want moved into something secured by the end of the year. Tax liens keep coming back on my list because the return is set by s…
I have a deck from a lien buying operation quoting "up to 18% statutory" for one state, and then I went and pulled the actual results page from a county in that same state and the…
I mentioned to a guy at a meetup that I was reading about buying liens across a few states and he said once you're doing it at any real volume you need a license, and possibly E&O…
I bid in two counties three weeks apart and came out with 63 certificates. Average face is about 1,840, total deployed 116k. Rates came in between 6 and 14 depending on the parcel…
Pulled the terms of sale for a county I've been buying in and read the paragraph everybody scrolls past. If the sale is later set aside, or the certificate is voided for a defect…
I'm 40 certificates in across six states and I picked those states specifically so I wouldn't be exposed to one housing market. Spent an evening going through why the owners were…
I'm reading this room from the outside, first rental still ahead of me, and the thing I can't resolve is how people decide the geographic shape before they've bought anything. The…
First real season of systematic deployment. $610k across 214 certificates, three counties in two states, one servicer handling the paperwork. Modeled 8.5% net to me. Actual came i…