Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
11y
If you hold a tax lien certificate in FL, you have no more rights to the property than any other person if it goes to auction. Up until the funds are actually tendered from an auction sale, the owner of the property can redeem by paying the amounts owed. This can literally be minutes before a successful bidder arrives to pay the winning auction bid. I considered tax lien investing locally but saw the returns bid down so low I felt it wasn't worth tying up the money. If you hold a tax lien in a state where YOU can get the property that sounds like it has a lot more profit potential. Tax lien certificates are not an equity position in ownership, but rather simply a lien against the property for taxes only.
Real Estate Professional · Shalimar, FL · Member since 2009 · 117 posts · 6 votes
11y
I'll do some research on those properties tomorrow.
The last time I filed a TDF application, between what I had to pay the Tax Collector's Office, and the Clerk of Court's Office, I had to pay around $800 total. Part of that was having to pay off some other Tax Lien Certificates that I didn't own.
I should be able to find out how many other certificates are outstanding, and about what it will take to pay them off.
Lender · Palm Springs, CA · Member since 2010 · 26 posts · 0 votes
11y
Thank you! Looking forward to learning from everyone here. I am trying to find out if there is a better way to go about purchasing them from within an IRA like Donald Trump taught me through a free webinar. I couldn't take his classes so I never learned how to do it the right way (sorry to say). If anyone can help me with any of it I will be grateful. Thanks!