Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

57
Posts
3
Votes
Tamika Rue
3
Votes |
57
Posts

Owner wants to redeem

Tamika Rue
Posted

Hello all. I'm trying to learn as much as I can about redemption before I purchase a property I just received a quote on. To my understanding I have to notify the owner that I'm purchasing the property, etc. Also I believe that the property is a tax lien. I understand they have 3 years to redeem. Anything else I should look out for when dealing with redemption. I really would like to keep the property. It's nice but I can't tell if it's vacant or not. How can I jack the costs up on a house that's being occupied when or if the owner tries to redeem? Without breaking into the home. Until I get paperwork saying I'm the lienholder I don't want to make any moves. But when it comes, I plan on telling them that they can either start paying rent or they will see me again in 6 months to evict! Any advice is appreciated!! I'm in Birmingham Al.

Loading replies...