All Forum Posts by: Brian Sampson

Welcome to tax deeds, I just got started about 9 months ago myself. I don't know about Texas, but when I went up to Utah, attorneys were charging over $100 an hour, and a real good Attorney in Salt Lake City that was referred to me by a BP member is charging me around $4k for a quiet title action, other attorneys that I shopped around for were charging just about the same. Hope this helps and GOOD LUCK!!

Every tax deed state handle's their tax sales differently and every state has different rules and standards. When I got started, I made a list of tax deed states nearest me. Then I started calling different county courthouses and asked for the assessors office, then asked when they usually hold the auctions, then ask how well attended it is, how many properties make it to the auction usually, what to expect after the sale, and most of the time the person on the other end of the call has a lot of great info for me to get started, some states that I called the person at the courthouse will even warn you if junior liens carry over to you with the property. So after I weeded out the less attractive states, I then called multiple real estate attorneys (some I had to pay just for a 30 minute phone call, but it was worth it). Have a thorough list a questions ready for them, and after about a week or two of talking with different lawyers in the states you feel are more lucrative, you will know exactly what states will be best for you. Tax auctions are pretty entertaining too when held on the courthouse steps, I've been to a few where the auctioneer gets heckled and other investors trash talking while you bid. Best of luck and welcome to Tax Sales.

Dealing with tax lien certificates, once you win the property and are past the redemption period, you are also responsible for foreclosing on the original owners to acquire the deed, then a quiet title action so you can get title insurance. In tax sales, I've found you spend more money on lawyers and court than what you paid for the property to begin with. Tax sales are rewarding, but can take a while and there is a lot of surprises after the sale is done, even after your due diligence.

Guru scam. Tax deed sales can make you good money, but you don't need somebody's "secrets" to do it. Just learn which states are "tax deed" states, then learn how they handle the sale of their properties. Every state has different laws for these sales and some states are better than others.

Welcome! The DC area's market is expensive, but still a really good market to be in. I grew up in northern Virginia and just moved out a little over a year ago.

New to REI, but looking at out of state tax sales for now, might get into renting out in Tucson in the future though.

A friend of mine rehabs trailer parks and other multi unit's, and rents out to section 8. The rent is paid on time every month and not from the tenants.

tax lien sales, you normally have to foreclose on the previous homeowners, which is a legal action, and you may have to evict them, so chance are you will eventually meet them. tax deed sales in the states I look at, the county already takes care of everything, so you wont have to meet them.

Hey there, here in the south west, primarily Utah, title companies make you wait 4 years to insure the title. You can always get with a lawyer and do a quiet title action, they usually take a few months, but at least you can get insurance and advertise the property with a warranty deed and list it for its market value.

county courthouse, recorders office, or assessor's office. That's how I find previous homeowners and their current address's in most case's when I deal with county tax auctions.