All Forum Posts by: David Tubesing

I highly suggest you apply for a low limit credit card and keep your utilization to 3%. By the time you're 18 you will have amazing credit (800+) and can qualify for the majority of financial products.

Also start learning how to research titles and examine them this will save yourself alot of time when researching houses.

This is solid advice, but I don't thin the credit card part owuld work until your 18, but idk.

Title searching though - thats a big one.
 

@Tasha Pams - Not at the moment due to the redemption period.

I have found a tax sale that is actually a road in front of a business. What would be the best strategy? Hold the tax deed for 3 years, quiet the title and then offer it for sale to the business?

Would there be any issues that the business is now landlocked without that "road" access?

Could I just sell the Tax Deed to the business now and move on?

What if I fenced the property and denied access through it?

New and learning...

Is there a formula or spreadsheet available that could be used to calculate what the former owner would pay assuming the tax deed was purchased from the state OTC with no improvements? In my case a vacant lot in Jefferson county Alabama.

Thanks for the prodding.  I am embarrassed to say I did nothing with the house over the last year.  The old residents are still living there.  We had plenty of other houses to do so I was not in a rush but maybe I was just making excuses.  Back when I did send a letter letting them know that we would be evicting in the future and that if they moved prior and gave us keys we would pay them.  They never responded to that letter and as of Friday I finally sent the tax deed and the retainer to an attorney in that county so they can file the eviction.  I'll let you know if anything happens out of the ordinary.  It may sound paranoid but I also bought a 9mm and applied for a concealed weapons permit.  I grew up around guns and was in a couple of different branches of the military years ago so that is not a huge leap for me but think I may feel a tiny bit more comfortable having it if I am at the house.  I may do the eviction and let it sit another year or flip it too just be done with it.

Hello,

I am in possession of a tax certificate for a vacant lot.  I will be eligible to redeem the certificate for the tax deed next May (2019). Should I refrain from making improvements or adding structures until 2022 when the 3 year redemption period is over? Or does the 3 year period begin when I became in possession of the tax certificate? Would that work to my benefit making it harder for the previous owners to redeem the property?

There are so many caveats it has hard to keep up.  Thank you.