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'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…
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 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…
Sizing a first allocation and the reserve line is where my model falls apart. Plan is roughly $4M across three or four states, average certificate around $4,400 face, so call it 9…
Simple model, and I know it's too simple. 200 certificates, average face $2,200, statutory 16%, everything redeems inside 18 months. Spreadsheet says a hair under 16% because I di…
Trying to get $6M into certificates over roughly 18 months across three states. Two problems are eating the model and I can't tell which one is the real one. First, cash drag. The…