Tax Liens and Real Estate

[ucit]

i was watching john becks infomercial about buying property on a dollar and i thought that it was too good to be true does anyone know if you can really make money doing that or is it just a scam???

 

[modified]

its not an outright scam. He's making it sound easy but the program is more involved than whipping out that dollar lol. [searching for property, inspection/appraisal fees, credit report fee etc.] That dollar just seems to fold back for some reason. The hustle is the program he's pushing people to buy.

 

[ucit]

thanks for your input my dude

 

[mr_mantel_216]

Yo...me and my boy just started looking into this shit today(4/9/07)...went downtown to county auditors office and sheriffs office...basically trying to see whats good...no luck there...This lady showed us how to look up the records and stuff but couldnt really point us in a productive direction.

And modified is on point...theres a lot of info that you gots to gather...imma be on it for a while...anything i find imma slide down to you...hope you do the same.

 

[modified]

Yo...me and my boy just started looking into this shit today(4/9/07)...went downtown to county auditors office and sheriffs office...basically trying to see whats good...no luck there...This lady showed us how to look up the records and stuff but couldnt really point us in a productive direction.

And modified is on point...theres a lot of info that you gots to gather...imma be on it for a while...anything i find imma slide down to you...hope you do the same.

Yeah thks for that info I was going to end up going the route you already did but wasn't sure of the actual process or the potential results. Keep us posted

 

[Imhotep]

Yo...me and my boy just started looking into this shit today(4/9/07)...went downtown to county auditors office and sheriffs office...basically trying to see whats good...no luck there...This lady showed us how to look up the records and stuff but couldnt really point us in a productive direction.

And modified is on point...theres a lot of info that you gots to gather...imma be on it for a while...anything i find imma slide down to you...hope you do the same.

Im not sure were you guys are in the country, but check out your city's web
i.e http://www.miami-dadeclerk.com/tax-deeds/home.aspx

That would save you a trip.................

PS
http://www.professorprofits.com/articles/01.php

 

[modified]

Im not sure were you guys are in the country, but check out your city's web
i.e http://www.miami-dadeclerk.com/tax-deeds/home.aspx

That would save you a trip.................

PS
http://www.professorprofits.com/articles/01.php

great info much appreciated.

 

[big pimp]

its not as easy as the tv guys makes it look. if anyone lives in maryland. icould get them real estate training with a good team.

 

[stonelove_mvmt]

there is a lot of money to be made in tax lien investing, but it does take some work and you have to know what you're doing.

 

[AL GRANT]

what kind of $$ are people investing?

 

[stonelove_mvmt]

I answered your question in the other post - but $$ amount invested depends on your personal pocket. Tax liens have something for everyone, from $300 all the way to $3 million. To make it worth your while, you will most likely need to purchase anywhere from 7 - 10 liens at an auction, and focus on properties that are most likely not to redeem. That way if some owners do redeem and pay you back your money, no sweat - at least you get interest (+ penalties depending on your state statute). But, if you get one, or maybe 2 that don't redeem, you can eventually end up owning the property which you can rehab/wholesale/flip etc. For the average small investor, maybe $10 - $20k would be a good amount to get you started. You can even use funds from an IRA/retirement account if you have one.

 

[Imhotep]

good post