Tax lien and tax deed investing exploit the mechanism by which local governments enforce unpaid property taxes.
Log in to followI have a defined amount to place into tax certificates over the next two auction seasons and I keep going back and forth on the shape of it rather than the size. Case for concentr…
Small portfolio, mostly rentals, and I've been adding certificates as a side sleeve. At a dozen positions in one county I can hold the whole thing in my head. I want to go to some…
Bought this one at a sale three years ago. Certificate was $2,410 on a small frame house on a third of an acre, statutory rate 12%. Paid subs every year since, $1,190, $1,240 and…
A guy who's been a customer of mine for years came into my shop convinced he could buy houses at the tax sale for a few thousand dollars. He'd read that liens sell for the amount…
Reading this room for a few weeks and there are two clearly different practices in it and both are defended by people who've done more than I have. The first says: most certificat…
County posted the delinquent list six weeks ago. 1,100 certificates, I filtered down to 40 by pulling assessor records and screening out anything with an improvement value under 4…
So I've been reading about this for about two weeks and I think I've managed to confuse myself. Some articles talk about buying a lien and earning 16% or 18%, some talk about buyi…
I'm getting licensed and working out what else I can be useful for, and this room keeps describing problems that sound like someone else's job. Out-of-state buyers can't inspect.…
Got handed a deck for a small fund, $14m target, buying tax certificates in three bid-down states and bidding at deed sales in two others. Terms are a 9% preferred, 2% management…
Property taxes nationally are pushing toward $400 billion and homeowner costs keep climbing, insurance especially. That should mean more delinquent parcels and a bigger sale list…
This is a deed state, sale is a public auction of the property itself, opening bid is the delinquent taxes plus costs at $9,340. House is 1,180 square feet, single story, frame, b…
The rental side is where my money sits, and I want a piece of the portfolio that doesn't care what house prices do. Certificates look like the closest thing to that. Here's the mo…
Not a big deal and I'm posting it because the small version worked and I want to know what I got lucky on. I didn't go to an auction. The county keeps a list of certificates that…
I have a certificate approaching the end of the redemption period and I'd rather not spend the money to get to a deed that a judge can undo. Numbers: $6,800 all in with two years…
This is the loss I didn't see coming because everything about it went according to plan. Bid-down state, online sale, I did the work. Pulled 11 improved parcels with owner-occupie…
I've got about $50k I'd allocate to certificates this season and I'm modeling roughly 60 certificates averaging $800 in a Florida-style batch auction. The plan assumes I never win…
Set aside $18,000 for a first year in certificates. Won 9 at the May sale, total outlay $12,060, average $1,340, rates between 8% and 12% in a premium-bid county where I paid no p…
Deed state, live sale, single family house, 1,340 square feet, 1958, in a neighborhood where similar houses were closing in the $95,000 to $110,000 range. Opening bid was the tax…
Reading a state's tax foreclosure chapter next to the county treasurer's own procedure sheet and they don't line up on who gets served. The statute lists record owner, mortgagees…
Still list-building, no bids placed, but I'm modeling a 16% state with a three year redemption period and the subs are wrecking my spreadsheet. Say I win a certificate at $4,200 f…