All Forum Posts by: Darron Stewart

Fake, check out snopes.com

The company may wait until last minute to pay the taxes. They are looking to make money and its just a matter of negotiating the right price. With all that said, the title is usually still clouded so most likely you will get it transferred via quit claim. Once you have can do anything you want, but the cloud will make reselling difficult until judge, lawyer, and or previous owner allow it to be cleared into a special warranty deed or hopefully warranty deed. A lot of info on web and through county, do your research...

Like QB too, use it for all three of my businesses.

One of the three business ventures I have is Tax properties, currently in two states and 5 locations. Typically (97%) you get your investment back with interest... As said in other posts, do your research, look to stay away from junk lands, improvements only, etc. Try it small, I did 7 liens for 3k first year, made 300 and have now moved up to holding over 300 liens and certificates. Go to the local tax office, ask a few questions and dig in, don't rely on others experiences, it can be very easy. Can be very profitable too however the research is labor intensive. Lets just say, for two weeks work per year, can make more than many make in a full year. Downside, have to have money upfront but I look at it as a CD, you just don't know when it will mature, 2 months - 3 years! My goal is to have all of the interest I have earned from previous years tax sales to be invested in future sales so in theory will have none of my money at risk, will be all their money invested. How will that work you ask, well lets say you put in 10k, if you earn 12% and reinvest everything, in just 6 years, based on the rule of 72, you should have approx 20k, therefore you could take the original 10k out and have no risk and then every 6 years double that money. Or, raise of eyebrows, leave it all in, yr 6 - 20, 12 - 40, 18 - 80, 24 - 160, 30 - 320, 36 - 640, 42 - 1.28 million, if I started with 10k at 20/yo at 62/yo would have over 1 million. For the numbers geeks, 72 is used to figure out how quick you can double money, etc. so 72/12(rate)=6(years)... To prove, year 0 10k, year 1 11.2, year 2 12.544, year 3 14.05, year 4 15.74, year 5 17.62, and year 6 19.74k. But the only problem is as the $'s go up you must buy more and possibly expand into new areas, so we are in more than the local area now and adding another county this year. To ease the minds of some, there are taxes sold at $0.02 and into $100,000+, the cheap one was a trailer on one acre the larger a multi-million dollar strip mall.

Thanks for the welcome, hope to learn and share while on this site!

Long story, when I was a teen helped Mom buy her first house by loaning her down payment, bought a rental for myself in my 20's in DC area while living in Germany, in thirties bought and sold houses we lived in, stepping up in size as we went. Retired from military in 40's and started investing a year later. Handyman business, tax liens, flip, then rentals. I believe in buying at 50% off of peak and paying cash when possible. 4 years into a 7 year plan, see in my profile. Looking to help others and find others that can help me too. Lets get together, chat, and help each other along the way!