To foreclose, or not to foreclose - case study of tax certificate

[Jerry K.]

Too long for a forum post, I wrote a case study of a tax lien certificate deal I just completed on two lower value, vacant residential parcels in Arizona. It gives a newer tax lien investor an idea of decisions you need to make after you buy a tax lien in northern Arizona. I had a neighbor of the parcels want to buy my liens or the land - if I started foreclosure. I had to decide which route was better - sell them the lien or foreclose and sell them the land. It also shows how much interest you can earn on a small amount when you accrue 16% interest annually.

Read the story on my Biggerpockets blog here.