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All Forum Posts by: Jed Forster

Jed Forster has started 3 posts and replied 15 times.

Post: Turnkey Duplex Appleton Wisconsin

Jed ForsterPosted
  • Handyman
  • Green Bay WI
  • Posts 16
  • Votes 4

@Cooper Watson congratulations.

Post: Finnigan Rd Home In Charlotte

Jed ForsterPosted
  • Handyman
  • Green Bay WI
  • Posts 16
  • Votes 4

Congratulations, what are you getting for rent, or what are you projecting to get?

Post: Turnkey Duplex Appleton Wisconsin

Jed ForsterPosted
  • Handyman
  • Green Bay WI
  • Posts 16
  • Votes 4

What are you getting for rent

Post: A Question about Portfolio Lenders

Jed ForsterPosted
  • Handyman
  • Green Bay WI
  • Posts 16
  • Votes 4

Thank you both of you, where would be the best place to find an asset based portfolio lender

Post: A Question about Portfolio Lenders

Jed ForsterPosted
  • Handyman
  • Green Bay WI
  • Posts 16
  • Votes 4

I have a question about portfolio lenders, how do they work, is the loan based on my personal income or the deal itself? What kind of down payment percentage should I expect? What do the interest rates typically look like? And will they fund repairs too? Thank you everyone in advance for answering

Post: Tax Liens for Newbies

Jed ForsterPosted
  • Handyman
  • Green Bay WI
  • Posts 16
  • Votes 4
Originally posted by @Will Sifert:
Originally posted by @Jed Forster:

I heard about tax liens on a BP podcast, and they sounded interesting but I'm still a little confused.

What are they exactly?

Where do you find some?

How hard are they to invest in?

What are some legal things to know?

I'm a newbie whose just interested in a different type of investment and thankful for anyone who can give me a little rundown.

 The first thing you need to understand is that there is a big difference between tax lien and a tax deed. It looks like Wisconsin is a tax deed state. If you are interested in tax liens you would have to bid in a different state.

Tax liens are exactly that a lien. You bid on the amount of back taxes owed on the property. Different states have different methods for bidding. If you win a tax lien,  you do not take ownership of the property nor do you have any rights to access it or use it. The owner will have a set amount of time, usually 3,4,5 years, to redeem the property from you. During that time you will make interest on the money that you have spent for the property taxes. If the property is not redeemed during the set period of time then you can start a lawsuit to take ownership of the property. 

There is a whole lot more to it but that is a pretty simple summary. Also every state Is different and has different sets of laws governing tax sales.

Thank you Will for your information, so since my state is a tax deed state, would I then own the property if I purchase one or how does that exactly work, thanks in advance for any input. 

Post: Tax Liens for Newbies

Jed ForsterPosted
  • Handyman
  • Green Bay WI
  • Posts 16
  • Votes 4

Thank you everyone for the advice, it makes more sense and I appreciate the willingness to explain it

Post: Tax Liens for Newbies

Jed ForsterPosted
  • Handyman
  • Green Bay WI
  • Posts 16
  • Votes 4

I heard about tax liens on a BP podcast, and they sounded interesting but I'm still a little confused.

What are they exactly?

Where do you find some?

How hard are they to invest in?

What are some legal things to know?

I'm a newbie whose just interested in a different type of investment and thankful for anyone who can give me a little rundown.

Post: Income Potential for Small Vacant Commercial Land

Jed ForsterPosted
  • Handyman
  • Green Bay WI
  • Posts 16
  • Votes 4

No problem, curious to see what you end up doing, if you sell it you can use that cash to find a better income generating property.

Post: Newbie from Green Bay, Wisconsin

Jed ForsterPosted
  • Handyman
  • Green Bay WI
  • Posts 16
  • Votes 4

Hi, I am also from Wisconsin, more central area, Wausau, Stevens Point, etc. I am excited to talk to all of you