All Forum Posts by: Calvin Lipscomb

 What Steve said is truly on point.  Put some boots on the ground to "see" what us going in your target area.

Thanks for the reply David.  If you can share a link for the book that would be great.  I looked online and I got zero hits.

 
Thanks for the insight Ricardo.

Your comments are spot on. Research is important,  too  often not done, to avoid what can be avoided.  

Your family that purchased what was their goal?  I am looking for something to buy and hold for a few years.

Thanks for the info.

The answer is.......it depends.  You want to look at what your initial plan is for your real estate investing career.  For example you could be purchasing a great 4 family unit commanding strong rent in a rapidly gentrifying area and living in one of the apartments.  Or, you could purchase a property for strictly rental purposes while living elsewhere.  One last thought.  What are your plans on how to finance your first deal?  That will have impact on what path you may take.

I am planning on taking the plunge in the upcoming Tax Lien Sale in Philadelphia February 21. I was hoping that I can get some feedback about the process the bad, the good, and the bad.  

Thanks

I am in a similar position myself.  I am also looking at the Tax Lien/Sheriff Sale that is happening on February 21.

Hello group.  

I was wondering if anyone with experience with the Tax Lien Sale in Philadelphia would share their experience, the good and the bad.  From what I am reading it can be a good investment opportunity even if you do not take title to the property with 10% return on funds and possible additional expenses.   However, what you read and what actually happens can be two different things.  I am planning on attending the Sheriff sale happening February 21.

Thanks in advance.

Hey,  the truth is sooo much depends.  I have personally advised people to stop and I have told others that they should continue investing in their 401k plans.  You have to look at YOUR investment strategy for financial freedom and along with other considerations.   For example, the savings in real estate investing can significantly offset what you could be losing in matching.  Talk with a professional to see what is best for you and your overall financial situation.