All Forum Posts by: Chris Bojanowski

James, thats a great score!  And definatley let me know how the Will county auction turns out.  I really want to dive into this, however my concern is spending hours upon hours of research on properties only to not win the bid at a good percentage.  Could be a huge waste of time. And judging by the percentages that ive seen from the surrounding counties, the average on any property of worth is under 4%. Thoughts? and what kind of leg work are you doing for the upcoming sale?

Chris

Wow.  That makes sense.  What about the homes/properties that are already paid off?  And the scavenger sales?  So is there any money to be made with someone like myself (5-10K to invest) 

Thanks!

Chris

I'm VERY new to this, so I have to be overlooking something.  In Illinois they do a bid down auction on the penalty interest.  And after some research, I found the majority of the winning bids on the liens go for between 0-3%!  How are people making money with those interest percentages?  Seems like a ton of leg work for such a low return.  Am I missing something?

Thanks!

Chris