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Updated over 5 years ago on . Most recent reply

User Stats

57
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Tamika Rue
3
Votes |
57
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Tax lien/tax deed investing

Tamika Rue
Posted

It's been awhile since I've posted but on my last I said I would post an update on the occupied tax lien property I purchased. Since then the owner is redeeming on the property. It did have someone staying in it, I couldn't do ejectment immediately. I wasn't able to go in any repairs due to someone already being there. So from my experience with this I will not be purchasing any more properties that aren't abandoned. I'm on my search for my next property. I'm open to any tips of advice. I'm in bham al btw.

Most Popular Reply

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1,566
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Denise Evans
  • JD, CCIM , Real Estate Broker
  • Tuscaloosa, AL
1,486
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1,566
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Denise Evans
  • JD, CCIM , Real Estate Broker
  • Tuscaloosa, AL
Replied

@Tamika Rue, occupied properties almost always redeem. You should target vacant properties with significant repairs needs and sizeable liens against the assessed owner and the property. Those are most likely to be abandoned and least likely to be redeemed, unless a bank is one of the lienholders.

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