All Forum Posts by: Seth Deitchman

@Sammy G. Do you have all the cuurrent information for the properties being listed in the auctions? It sounds like a service you’re providing.

@Megan Welsh I think the more research a person does the better. - property - local area: business/Industry, demographIcs, crime, economy, schools, chamber of commerce, etc.. - county rules (can the owner redeem, how long do they have, etc.) - auction type - competition - many other factors as well. You mother may be a good resource being that she works for the county.

Thank you!

I haven’t looked in Athens yet, but I know it is a great town!  Would enjoy hearing your insights about the market in the county and Athens. I want to avoid FOMO as much as possible, however it will always be in the rear view mirror. 

Originally posted by @Georgui Kasaev:

I have witnessed a few tax auctions but I have not purchased any. I have had a few conversations with people that have. From what I gather. 

1. Redemption rights. I believe the seller can pay back the owed amount for a period of up to ( now here is where I have mixed information and I have not taken the time to verify) 1 or 2 years. All though they pay you back at an interest of upwards of 10%. So in the end, you either get the property or get a high return on the investment. 

2. You will potentially have to evict the owner. I can't attest to the process of eviction so that's that.  

In Athens Ga. You have to go to the courthouse steps to buy tax leans and I can get a list emailed to me a month before they go to auction. 

This is pretty much all I know about tax sales. 

I feel you about not being able to be in as many places as you'd like to be. If I want to buy foreclosure on the courthouse steps in Clarke county I have to be there. The problem comes in when there are other properties in other counties and the auctions go on at the same time.  And if I have an interest in multiple properties and those properties are located in multiple counties then I have to choose where to go I have such FOMO. 

I have my Reals Estate license so if you ever need me to check on properties for you let me know. 

Hi @Doug Phillips, thanks for your input!  

I have a few goals.

1- acquire property to ultimately build a portfolio (I would gladly flip or make it a rental)

2- generate some strong interest from the liens

I have been thinking about buying Tax Liens on Mobile Homes / land. It seems that counties have different rules/laws and I feel somewhat confused.  Right now I am looking in Iowa.

If you have invested in/purchased Tax Liens on Mobile Homes I would appreciate you sharing your experiences and any advice along with pitfalls and opportunities.  Thanks in advance for your insights!

Marlon, thanks for the tips!

Georgui, here are my thoughts on the biggest challenges:

1- time: not enough time to research all the properties. 

2- other investors: sometimes other investors just pay too much...in my opinion. They have their strategies. 

3- location: I would like to be in more places than I am able to be. I find it very difficult to buy liens, deeds or redeemable deeds in locations I have not seen or have someone to survey the property for me. 

4- not sure...maybe knowing the different rules at each county auction. 

I’d like to hear your opinions. 

Hello all - I am new to Bigger Pockets which looks like an interesting forum.  I am a Tax Lien & Tax Deed investor.  Always looking for new investments, insights, opportunities, partnerships, ideas, support and am glad to help.  I live in GA and will invest almost anywhere in the country. Glad to share more, but thought this is a good start.

Welcome Christopher!  It is great that you are starting to invest at a young age.  Glad to be a resource.  In the burbs on Metro Atlanta.