All Forum Posts by: Dennis Weber

Perhaps there is an OTC tax deed. Check with whoever collects taxes. 

On your way to financial freedom. 

If you're referring to Denver tax liens, I agree with Bob. I've never bought Colorado tax liens so take this for what it's worth. Denver is online. This increases competition and liens get bid up (or interest gets bid down too low). 

Three year redemption. That's a long time to have your money tied up and a house sitting empty. Maybe it would work out for a young lady like you in a self directed IRA. Myself, I want to be alive when I take possession.

There are people doing well buying tax liens on BP. But we're in the right markets. 

Good luck!

@Bob Malecki  and yours was great, too!

@Jay Hinrichs  Pshaw!  I just watched episode #222 and you don't seem to be the type to lose a note. Great show, by the way!

The best returns are where redemptions are lowest. Buy a lien for $5k and sell the property for $15k. 300% return. use some owner financing tricks to even increase that. 

Using a financial calculator, you determine the price by your desired IRR from UPB. If note is u derwater then from value. If the note is around 4% then seller takes a haircut. I've only bought a couple of notes so far so others may chime in with more seasoned knowledge.

No, since a wrote this post, I've fallen in love with Indiana liens and investing in notes. I prefer live auctions to size up the competition. 

Stock market refugee here. I'm all for selling stocks to invest in real estate where YOU have control over your money. 

Is this a lease option. Why wouldn't you have to foreclose?