Tax Lien Certificate Investing in Indiana is NOT EASY

[Gerald Levin]

Just finished my 4th tax lien sale here in Indiana over the last couple mo. At the last sale in Madison County (Anderson, IN...depressed area), nice homes went for 50-100% of assessed values with back taxes owed just a few thousand dollars. No way am I paying $80k for $120k in a depressed area where you literally can't go one block without finding an "open house" (home with a kicked in door left wide open). Marion County (Indianapolis) was worse. A home in a nice area NE Indy that assessed at $415k went for $390K!!! Say what??? Yeah, many are after that 10/15% interest but what if the house burns down during the one year of redemption and the homeowner has no insurance? Or leaves it a total wreck? I have 30 years of real estate investing, own over 50 commercial properties and just trying to buy a certificate on a nice property that is appx 25% or less of the assessed value and not having any luck. Had a huge bankroll and only spent $2700 on a piece of farmland. That's it. Anyone having any luck in Indiana???? About to dive into the upcoming GA/TX tax sales. Any opinions/advice greatly appreciated.

[Melody Barrows]

Gerald, 

I do not know if you are still interested in speaking with serious Indiana tax sale buyers, but if you are I am that. I have purchased over 3 dozen properties at tax sale in Indiana. I followed through to deeds. Some of the properties are my rentals, some are rent to owns, and some I have flipped to market. I currently own 41 residential properties and 2 commercial properties. It has become a wonderful investment for me.