All Forum Posts by: Bob Martin

Hi @Tim A.  Yesterday a BP member @Daniel Hyman a CPA from Milwaukee posted on one of my conversations.  Works for http://myonlineaccountant.co/real-estate-services/ Perhaps you can try him. Anyway GoPackGO!

@Lawrence Moore  PharmD yes? My son graduated with a PharmD six years ago, So did his wife. She got a job as a Pharmacist at Walgreens or CVS while my son formed a partnership with his best friend from fourth grade, borrowed enough money to start a compounding pharmacy and makes over $400K a year. Wife has her Phd in Pharmacy but stays home and schools their children. Both of their student loans paid in full. Message: maybe set your goals a little higher rather than worrying about loan forgiveness.

Searched a little more and found the cook county webpage with instructions on getting the list. Enjoy! Tax sale began June 3, 2016. So are you looking for the tax list purged of those sold? Anyway here's the link.

http://cookcountytreasurer.com/annualtaxsale.aspx

I just looked up Will county. The tax lien list should be available from the treasures office. I don't know if you have to register for the tax sale before you can purchase the list. For Will county call the Treasurer/County collector on how to obtain list.. The Cook County list is normally available on disc for about $250.00 from the Cook County Treasurer. Call them not the assessors office.

http://www.willcountytreasurer.com/wp-content/uploads/2011/03/First-Time-Tax-Buyer-Info-about-the-Annual-Tax-Sale-2015-Levy.pdf

In Arizona all delinquent property taxes being sold must be published in a newspaper. Maybe that's true in Illinois also because I found this link for St. Clair county showing that all their delinquent tax lists were published.

http://www.stclaircountyil.gov/departments/treasur....

@Greg C. I admire your sense of humor and your stamina. Apparently you observe my fathers dictum-never go to bed unless you can say you learned at least one new thing that day. 

 "I like single level multi-units because water travels down"------priceless!

Thank you for welcome @Ned Carey. Regarding AZ tax liens I have an interesting story. In the late 1980's I was in the library in Peoria, AZ, where I happened to go thru a folder of miscellaneous real estate reference material stored in a manila folder. There was a self publish manuscript of about 20 pages talking about Arizona tax liens. I made a copy of it to take home. What I read was so amazing I thought it had to be a joke. 16% percent interest and the lean had priority over a deed of trust or mortgage, So I copied dozens of pages of the appropriate Arizona Revised statutes and studied the laws. So I was thinking about how I wish I had lots of money to buy as many TLCs as possible. Realizing the liens had value, I started questioning real estate lenders and agents asking them if was possible to put up my TLC as collateral for a loan. Then I would use the loan to buy more TLCs. Do you know what I found out? Nobody believed me. Most of the people I talked to had a real estate license. Arizona tax liens were taught in the real estate courses at that time and  nobody (well a few smart ones did) paid attention to the subject. I'm talking people with 10-20 years Arizona real estate experience. NO ONE believed it was true. That was in the 1980's. Now EVERYONE knows about tax liens.

Anyway thanks for the warning. I have been talking to principles in this group for 14 months. They have been acting as turn key agents in tax liens for 12 years. The yield from them on Illinois tax liens(which I can not purchase without using agent or actual being in Illinois) even after their 6-8% fee is so far beyond the yield I could get in Arizona on bulk purchases. I look at the risk vs the reward and it's no contest for me. And they do ALL the work.

Krupal,  well done. I think you'll be happy. Please let us know how it's working for you

@Daniel Hyman LOL. From Milwaukee, WI. I was born there a long time ago. In grade school I won a ticket to the Green Bay Packers at Milwaukee County Stadium. In 1958. Before Lombardi. Anyway I didn't keep a list of all the groups that would purchase tax liens for you because they either didn't quote past performance or their estimated ROI was too low. Here is the link of the group I am interested in

https://pipgroup.com/

Make sure you watch all the free webinars. They have a lot to offer.

Sadly, since I discovered them about 14 months ago, they have increased their initial investment from $25,000 to $50,000. The TaxLienLady promotes them and she personally invests with them. There is a fund offered about every 12 months that has really good returns but is all sold out for this year (Comian Investment Group). They have a $25,000 minimum investment. Heck I just saw something about some online tax lien sites require a minimum of $10,000. Even some funds offering an estimated 5% ROI wanted at least $25000. It's getting tough for the small guy to get in. Solution is for small guys to form partnership to buy into these $50,000 funds. Best wishes to you.

I'm a retired accountant that has been interested in tax liens for over a dozen years. At one time I worked part time selling Arizona tax lien investment opportunities to small pension funds. This was when we could get the 16% interest in Arizona. We were able to offer the pension plans a very nice return and were able to earn a nice management fee. Then the Hedge Funds and Banks et al forced down the interest rates to the point the business could not make a profit. I stayed away except for teaching my sons to invest on a small scale. Every six months or so I would google tax liens and see if I could find something interesting. I notice a number of tax lien funds looking for investors offering about 5% APR. Not too bad in today's market. Then I found an group that would purchase tax liens for me and do all the work. Their fees are small enough that I would still make a ROI much greater than buying liens in Arizona at the going rate. They also do repairs and sell homes that you aquire through their purchases. They also offer tax sales opportunities. My goal now is to increase my bank account so I can make the minimum investment requirement. I am joining some Investment clubs in Arizona hoping to form a small partnership for that goal.

@John Anderson Hello! Where can you go directly for a list of Illinois secondary tax liens? When I say secondary I am talking about an after market of tax liens previously purchased from the County. I agree that I would never pay her a yearly of over a $1000. She invests her own money with PIP Group. They sell secondary tax liens. Perhaps that's where  she gets them for her group members.