Example of a Tax Lien payoff at 16% after 7 years

[Jerry K.]

I just received a check from a northern Arizona county that pays off 7 years of tax liens I hold on a vacant land parcel. I earned 16% on the money. This was a simple vacant lot that had a foundation but the home was never built. I explain it further in my Biggerpockets blog post with a few pictures and show the check stub that breaks out the lien principal and interest payments on each year of taxes that I paid until the owner redeemed a few weeks ago. Read it here at; Tax Lien payoff post.

[Jay Hinrichs]

good job.. 7 years later I know I would have forgotten about it LOL..