All Forum Posts by: Karlton Hoskins

Hi Katina,

Take a look at the attached below url which provides the law on MO tax sales. I am not an investor in the MO market, so my knowledge is limited. However, if you have a desire to consider other markets that are not as restrictive, i.e. Texas and Georgia, feel free to reach out. I may be of some help to you.

http://www.moga.mo.gov/mostatutes/chapters/chapText141.html

Greg said it best, without the correct due diligence, tax lien investing can be the worst decision an investor can make. The most important decision in tax lien/deed investing is location, location, location. Georgia and Texas are excellent states at 20% and 25%, with redemption periods not exceeding 1 year. More importantly, you bid for a deed, not a lien. These two states are hybrid states in that you obtain the deed at the auction, but the property owner has a redemption period to buy back the deed. This works well with the right investment strategy. I am always willing to work with others, so look me up with any questions. I am currently building a software program that will conduct the due diligence process, set by the users specific criteria, in the end providing only properties that matches the investors goal. This is important when tax sale lists can include over 200 properties.

Dan,

If you any interest in learning and/or investing in Tax Deeds here in Texas or Georgia, please feel free to reach out to me. I too am looking to build a team, maybe we can help each other.

I can only speak on the tax sale property, in that, it would be in your interest to discuss the tax lien with the property owner. Negotiate with the property owner to purchase the property for the lien amount or 10% of the land value. It is worth a shot. If that fails, you can always wait for the property to show up in the tax sale and bid for it there.

Mark,

This may be of some help to you. Each city has it's own website. Hope that helps.

Tax lien investing can only be risky to those who don't research or build a team. This market in fact is the safest, as your investment is secured by a tangle asset normally worth far more than the capital. Either obtain a good interest or property,  depending on the owner's ability to pay the debt. The term risk is not applied to the maturing of the asset, it is measured on the when in this investment. Don't run away too soon.

Not to create more competition for myself in Georgia but it is a market offering tax deeds with one year redemption periods and a 20% for the first year. Pick one of the large counties and research delinquent tax sale through their tax commissioner's website.  Not difficult but does require due diligence. 

Preferably someone with real estate experience(but not a must), able to attend the auction with a four day notice since liens are often removed from delinquency Friday prior to auction Tuesday. This agent would receive property ID numbers of interest and max bid amounts. Once the property (s) are won at bid, funds would are released payable to the county for said liens on behalf of the company. Upon transaction confirmation,the agent is paid for services rendered(fixed rate to be negotiated). For this purpose said person would act in capacity as a buying agent *(contracted trustee).

I am in search of someone as I build a team, someone who is able to attend the auctions in DeKalb County Georgia to purchase preselected liens. I've spoken with a few realtors proposing this needed service, but with no current success. Anthony, are you aware of any company or service provider that would handle this task for cost?

Anthony, are you willing to attend the DeKalb auction on behalf of an investor that is out of state?