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Updated over 5 years ago on . Most recent reply

User Stats

20
Posts
6
Votes
Nick Vafa
  • Specialist
  • Washington D.C
6
Votes |
20
Posts

19 Year Old Newbie Looking to Expand

Nick Vafa
  • Specialist
  • Washington D.C
Posted

Hey Everyone,

I’ve been on BP for about a year now but have decided to finally introduce myself. For the past year and a half, I have dived into real estate investing and am constantly learning new things. I started out with the goal to master tax liens and became very comfortable with them, eventually purchasing a tax deed and flipping. After formulating my plan, and identifying my target markets, I miraculously was able to secure funding from someone who trusted my vision.

Last year, I attended 2 tax sale auctions ( Carroll County MD and Washington DC) and invested $113,000 in 5 liens. 2 were redeemed on their own, and I moved to foreclose on 3 of them, and ended up generating 10% profit overall as a result of interest. Not bad for my first year. Last week, I purchased 5 liens in Carroll County, and now we wait and see. This upcoming week I will be at the DC tax sale, and hope to secure some liens there, though it’s much trickier.

I am located in the Washington DC area, and want to make connections! I’m young, but ambitious and want to explore new avenues. I feel comfortable with tax liens now, and I want to begin exploring flipping in Baltimore. If anyone wants to get in touch and learn from each other, please feel free to send me a message!

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