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All Forum Posts by: Don Ferman

Don Ferman has started 1 posts and replied 2 times.

Tax Liens & Mortgage Notes

Post: Florida Tax Lien Certificates Didn't Redeem. Now What?

Don FermanPosted
  • Posts 2
  • Votes 0
I just got a check in the mail from Coconino County, Arizona. Even though I earned interest on the certificate, I actually lost money. The purchase price was more than the face value. What is TPIF and is it a fixed amount that you pay on every certificate or is it a percentage?
0 Votes
Tax Liens & Mortgage Notes

Post: Florida Tax Lien Certificates Didn't Redeem. Now What?

Don FermanPosted
  • Posts 2
  • Votes 0

Hello all,

April first has come and gone. I have nine 2016 certificates that are now redeemable. I am investing for the interest only. Should I wait for the next investor to complete a tax deed application? Wait for the owners to redeem? Fill out the tax deed applications myself? Or something else?

All of the properties do have some value. Some are mobile homes. Some are vacant lots. Though I do have enough cash to do so, I am out of state and not looking forward to paying the roll up and trying to sell the properties. 

I love reading these forums. This is my first investment in real estate and I would be happy to let you know what happens.

0 Votes