Tax liens, TDA, to build for lease to owner financing

[Jermaine Chad Ingram]

So in the first example, it is certificate number 2626. And I bought the liens on 9/9/2017. My intention was to hold the liens until redemption, collecting the 18% interest. 

 Not long after, I became excited by the idea of filing a tax deed application and actually acquiring the lots to sell on the open market, hoping to make a profit.

[Jermaine Chad Ingram]

Originally posted by @Wayne Brooks:

@Jermaine Chad Ingram Yeah, buying tax certificates as a means to actually acquire the property, as you see, is not effective.  When you Do get a property this way at the tax deed auction, after you went the whole tax certificate, application, paying off all the other liens, etc......it simply means you already have more money invested in it than any other bidders are willing to pay for it.  You’re better off just bidding at the tax deed auction when someone went through the process.  

And a hint....the tax certificates that Do yield 18%, are the ones that no one wants to own for the costs it takes to do the whole process, which you detailed well above.....hence the reason the interest rate wasn’t bid down at the tax certificate auction.

 I do get your point, but I must say that this trade was/is  successful as I have a signed contract right now to sell the place for $9000 which does give me a nice little profit for 18 months work. and since I have 57 other liens in the area going through this process I should be able to acquire several multi unit lots as well as capital to help cushion future projects. I know that it will take time but in Florida we have a ton of areas that have been devastated by storms.  no one is paying property taxes and the entire community  is starting to become more and more resource deprived. since it’s an area that I want to retire to I feel it is my duty to help try to revive the area and the only way the area is going to be revived is if someone pushes these lots onto the market.  On the open market the lots are selling for twice (knock on wood) what I get them for if I’m lucky enough to have no one else bid against me

I don’t like the stress of auctions so I could hardly participate in one of them and hope to get a lot at a reasonable price. Know they self 

More on the $9000 contract soon @waynebrooks has a point.