Paying Past Due Property Taxes

[Oneil Guntner]

I was recently listening to episode 293 of the BiggerPockets podcasts where Chad Carson talks about his tax lien strategy. Does Ventura County do this? It looked like they list homes for auctions but I didn't see anything about buying property tax notes. If you don't know about Ventura County maybe you can give more explanation to whether or not this is a good strategy. If I can figure out how this works I may be able to pull money that is just in a savings account accumulating practically 0% interest and give the investor a higher return on their money while also getting a small kickback for my effort. This may be a good way for me to side hustle some extra cash to save up for my first home purchase. The investor would have enough money to buy the house if it came to that. I wasn't sure if they get to just take over the mortgage? Also, what happens if multiple notes don't pay back are you then responsible for taking over all of them? I believe Chad had said that you get to decide the interest rate but I'm not sure if I heard that right. What is the average or fair interest rate amount for something like this? Any information helps, thank you!