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Money, Business & Finance Ground >> Anyone buy tax liens?


9/18/12 12:16 PM
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LeftBench
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Tips? Experiences? I'm in NJ and looking into it.
9/18/12 9:50 PM
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Twelve Gage
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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.
10/14/12 6:01 PM
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justin@gosscpa.com
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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
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myersei
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Huge risk of time and energy. Better places to find returns exist out there.
12/16/12 11:33 PM
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turducken
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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
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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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