All Forum Posts by: Jay Hinrichs

@Duncan Taylor @Account Closed

Duncan I see you were in Washington before GA.. where were you at.. I am in PDX and have done a few deals in WA. why did you leave our beautiful rain forest?... any high line projects I would know about?

@Bryan L. and what about loans to our children ??

@Larry K. hard money is far to expensive for 30 years its only meant for short term allow you to get in and get out

there are two schools of though on this. how many people want to create their own competition in their back yard...

depends on the market here on the west coast were there is tons' of money chasing way to few deals thats the last thing you going to do is take someone by the hand and show them everything you spent years time and money learning.

So thats one thought on the subject.. to that end some type of paid mentoring could be worth it to many

@Bill Gulley

I guess we settled that one:)

@AdaPia DErrico in the summer for flyfishing

@David Krulac

the only tax cert sales i was at was in MS and your right you would need an army to do DD... the sales I sat through also there was a cadre of what i would call locals and the cryer favored them big time. and each cert was sold in 5 to 10 seconds.

At tax deed auctions on the west coast ( prior to them going to bid for assets) the sale took place at the county courthouse and there was usually 100 plus people in the audiance with about 10 to 15 true buyers. and the format was auction style and there would be made 200 properties that would take all day to sell. you have to give them a deposit to get a bidders paddle then you had to pay for what you bought before you left if you did not you lose the deposit ( 10k ) now that its on line its like many things all sorts of folks all over the world bidding and there are not the great deals like we used to get

@?david

in our neck of the woods its the opposite the taxing authority must notify by certified mail anyone who has a recorded interest in the property.. which is why very few properties actually go to sale. and very very few with mortgages because the lender gets notified of the sale then can bring it current

@Brian Bower be very careful buying out of state its a different world than what we expereince here especially values or precieved values

@Joseph R. david are your sales tax certificates?

on the west coast which is were I am and were I have bought many at auction we are tax deed. and the tax sale does wipe out all liens expect IRS. same as buying a 1st position mortgage at foreclosure.. your correct every county has different bidding procedures as well..

bid for assets has taken over many of the tax deed sales . so its done on line in many counties in CA now

buying a tax cert like in AZ is just the first step in a long journey to actually gain title to the property. and i do believe that if you quiet title the mortgage lenders and other liens will be wiped out as well.