Judgement lien options on real estate

[Pauline Jones]

I listened to a course by Mike Allen on buying discounted judgement liens options for $1

and then cashing them in when property is sold.  Has anyone done this?

He makes it sound so easy but I tried to find county records and there are

hundreds of thousands, the ideal is to find a property that is in contract

and option the judgement at a discount...too good to be true??

[Rick H.]

Originally posted by @Pauline Jones:

hi thanks for  the reality check like  most real estate deals or other liens it involves hunting and  knowledge 

Pauline

 "Hunting and knowledge." 

Darn, I thought they had a system that I could buy that would automatically generate the leads that others would do all the work and (somehow) I'd only pay a buck for each deal. I'm so bummed.

Truth be told, having a working knowledge of title, liens, judgments, voluntary liens such as mortgages or trust deeds, taxation, etc. are essential fundamentals to understanding opportunities. 

Way too many people are convinced they can breeze over a certain aspect and create a business model from that. I've been at this a long time (even older than Jay (although he did get coached by his Dad) and have learned that they money is in recognizing the opportunity and knowing how to control and exploit it through to the exit. 

The value in the AJ (abstract of judgment) play is in controlling, perfecting and surviving the inevitable counterclaims that debtors and courts will throw at you. 

Any fool can stand at a freeway exit with a 'money for food' sign. The trick is to learn how far you should be in the roadway and when to stand on the side of the left side road median.