All Forum Posts by: Bob Martin

Sorry. I thought the OP was looking for purchasing on the TLC secondary market.  I apologize.

While some people don't believe a their is a secondary market in property tax liens there are people that insist there is. I used to receive portfolios of Florida TLCs for sale.

http://taxlieninvestingtips.com/2015/04/29/seconda...

http://www.secondarytaxlien.com/requirements

https://rei-holdings.com/intro/

http://pipgrouptaxliens.com/illinois-secondary-mar...

PIP Group has been in business quite a while.

@Kevin You mentioned BP podcasts. I've only found this forum 2 days ago so I did a search on tax lien podcasts. You'll find a number of them and my search even turned up a BP podcast which I am linking. 

https://www.biggerpockets.com/renewsblog/2014/02/0...

This link gives you the option of looking at the transcript. I suggest you print it out and study it closely. You'll get an idea how much work is involved in lien investing if you want to do on a substantial level.

I don't think the link I gave you for the free webinars on tax liens and tax deeds is working. If not, try this link and scroll down and sign up for their webinars. They are truly well done and you will learn some really interesting things. Keep in touch.

https://pipgroup.com/tax-liens/

@Krupal and @Kevin. Hello! To answer your question about have I bought tax liens before: yes in Arizona about five years ago. I became discouraged because I was not able to obtain the interest rates that are so widely advertised. There is a BiggerPockets member Jerry K. who has a blog on purchasing Arizona tax liens online. He was able to find high yields on  residential parcels rather than just raw land. I'm going to query him for some additional information and will be buying the AZ liens in February.

There are a number of companies offering to buy tax liens and do due diligence for investors. In the beginning I could find none that offered any past performance or hinted at what type off ROI I could expect. Most charged too much for their service fees. I finally found one that is full service (if title to the property is aquired, they handle repairs and selling of the property. I could not afford their initial investment but my son invested and is getting a very nice return. I am going to join some investment clubs in Arizona and see if I can find members to join in a partnership with me to invest with this company.

I am afraid you overpaid for the information you will be receiving. Here is a review of Government Tax Lien Investing that was based upon reviews previously posted on BiggerPockets:

http://www.highya.com/government-tax-lien-network-...

Here is a website that offers FREE webinars on how tax liens work in one interesting state. Also webinars explaining tax deeds. They invest in Texas Tax Deeds and explain how they work, This is free.   I have watched them a number of times. Let me know what you think and  if you don't understand something, let me know.

http://pipgrouptaxliens.com/webinars/

I live in Arizona where property tax liens pay up to 16%. Until 4 or 5 years ago a beginner like you or me could get 16% per year. Sadly, books like "The  16% solution" brought tax lien investing to the headlines nationwide. Big money institutions were buying down interest rates nationwide on property tax liens. As a result in Maricopa County where Phoenix, Az is located, the interest rate has been bid down to 1% on all but the worst properties. I have searched dozens of web sites and a dozen books. Buying out-of-state tax liens didn't interest me because I would have to buy them without due diligence or the state required you to purchase them in person. You live in Florida and there is a lot of information on Florida tax liens available.  For myself, I found a company that offers to purchase and manage all of my tax lien investments in a state that offers very, very high yields. They even take care of aquiring the homes if the tax lien certificate goes into default. They will fix it up and sell it or rent it. Whatever you prefer. They find buyers or renters.  I have wanted to invest with them for over two years but I am retired and don't have the $25,000 minimum investment. My son had the money to invest and is doing very well. I myself am thinking of joining an investment club and getting together the $25,000 from a group of investors. The investment is approved for self directed IRAs.

Good luck with your research.

Are these property tax liens? If so I can give you some free advise. Let me know.