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…
$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…
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…
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.…
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,…
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…
$250k committed, three year term. Management fee 1.75%, and here's the clause I read and did not think hard enough about: charged on committed capital, not on invested capital. Th…