Anyone buy tax liens?

9/18/12 12:16 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
LeftBench 47 Member Since: 8/5/02 Posts: 9180	Tips? Experiences? I'm in NJ and looking into it.

9/18/12 9:50 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
Twelve Gage 4 Member Since: 5/5/11 Posts: 241 Fightlogs.com, Owner	I've been thinking about trying that in AZ this next year as well. Let me know how it goes. Good luck. You have ignored this user.

10/14/12 6:01 PM

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justin@gosscpa.com 9 The total sum of your votes up and votes down

Member Since: 2/24/03
Posts: 1498
Justin Goss, CPA, MSA

This can be shark infested waters... More experienced tax lien investors may bid you up just to screw with you.

Even if you pull-off a good bid, things can be ugly... You'll likely have to pay the sheriff to do an eviction (get ready to replace the door and door frame). And pay a realtor to sell the place, which has likely been sabotaged by the previous occupant.

If you've already made up your mind, please don't let me discourage you. I once had a high net-worth client make an absurd amount of money on one tax lien, but they're heartless, cunning, and patient.

12/14/12 4:24 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
myersei 29 Member Since: 4/13/12 Posts: 634	Huge risk of time and energy. Better places to find returns exist out there. You have ignored this user.

12/16/12 11:33 PM

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turducken

Member Since: 1/7/09
Posts: 11643

justin@gosscpa.com - This can be shark infested waters... More experienced tax lien investors may bid you up just to screw with you.

Even if you pull-off a good bid, things can be ugly... You'll likely have to pay the sheriff to do an eviction (get ready to replace the door and door frame). And pay a realtor to sell the place, which has likely been sabotaged by the previous occupant.

If you've already made up your mind, please don't let me discourage you. I once had a high net-worth client make an absurd amount of money on one tax lien, but they're heartless, cunning, and patient.

*facepalm* in practically every state, tax liens are bid DOWN, so you clearly do not know what you are talking about. a tax lien auction starts with the highest allowable interest rate, and then bidders bid down and whoever ends with the lowest interest rate wins.

12/27/12 7:01 AM

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justin@gosscpa.com 9 The total sum of your votes up and votes down

Member Since: 2/24/03
Posts: 1511
Justin Goss, CPA, MSA

turducken -
justin@gosscpa.com - This can be shark infested waters... More experienced tax lien investors may bid you up just to screw with you.

Even if you pull-off a good bid, things can be ugly... You'll likely have to pay the sheriff to do an eviction (get ready to replace the door and door frame). And pay a realtor to sell the place, which has likely been sabotaged by the previous occupant.

If you've already made up your mind, please don't let me discourage you. I once had a high net-worth client make an absurd amount of money on one tax lien, but they're heartless, cunning, and patient.

*facepalm* in practically every state, tax liens are bid DOWN, so you clearly do not know what you are talking about. a tax lien auction starts with the highest allowable interest rate, and then bidders bid down and whoever ends with the lowest interest rate wins.

Oops, I meant "down" but, there is a bidding process in which experienced sharks are probably participating. My point stands.

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