All Forum Posts by: Cheverson Juntura

@Michael Ablan No I haven't confirmed this with a local attorney. I am not sure how abouts I would contact an attorney or which one. I am fairly new to real estate and tax lien. Im assuming I would have to find a tax attorney and try to get free consultation. The only people I have contact with this information is the people from the town office.  

@Michael Ablan Buying $19000 Tax owed is 3600 rehab ballpark 30k to 40k and ARV would be 140 to 150k.

Hello 

I am looking at a property that is a tax lien foreclosure property, title has encumbrances. Which means that even though I buy this property the owner has 5 years to come back, clear their debt and repossess the property. making it difficult for the title companies to issue title insurance. Making this property less desirable for investors. 

This property is a distressed multifamily which needs tons of work but at the price point is screaming deal! from what I know from town minutes this house was placed on tax lien on 2016 giving me 3 years left for the owner to comeback.

Is there anything I can do or just walk away.   

Thought I would just answer Question 2 in order

Things that you might want to share include: 

your real name: Cheverson Juntura, 

your background in real estate: None, 

where you're from: Topsham, Maine, 

what you do: I want to Buy my 1st investment property to start my financial freedom, 

what your goals are in real estate: own about 30 to 40 units, 

and how you came to join BiggerPockets: I have been an avid listener to BiggerPockets since 2013 I have been in information paralysis now I just want to jump in and not wait any longer.