All Forum Posts by: Ryan Lee

 Tell him about H street look at it now! What about Penn. Ave by K street that was the gutter now they are selling $500k homes and studios rent for $2,000. I believe Baltimore especially if they can curb the violence can really gentrify like DC. The violence dropped and the got rid of the element. Now places like Waldorf and PG County got worse. I am banking on Baltimore like @NedCarey stated if I'm here it is a good place to invest.

Baltimore has a ways to go:

From the Washington Post:

"As Maryland’s largest city has dwindled from a peak population of 950,000 in 1950 to about 620,000 today, the receding tide has left behind 17,000 boarded-up houses and buildings, unoccupied, unwanted and unstable. They are scattered throughout the city, with major concentrations on the east side, as well as in battered West Baltimore, where 25-year-old Freddie Gray’s death from an injury suffered in police custody triggered riots in 2015."

https://www.washingtonpost.com/classic-apps/life-death-and-demolition/2017/01/26/8316d01c-8039-11e6-b002-307601806392_story.html

I know I said that the water is getting fixed quickly and then I said contradictory info later in the post.  I started writing this while on my way to Flint today. Then finished the rest of it after I talked with my guy up here. I've got two guys telling me different things on the issue in regards to the velocity of the fixes. I don't think anyone knows that isn't in charge and has a map. Some of my houses have had their pipes changed out. 

And it is only the city of Flint that has the problem. The Township of Flint does not have a problem, Mount Morris does not have a problem and the rest of Genesee county does not have a water problem. Just the city of Flint.

@Dennis Weber Awesome! So even if the lien is sold at the tax sale the owner has time to pay the taxes or sell the property. Thanx a bunch!

I have gotten as many as 5 houses in one year. I had one year I got none. I average 2 or 3 house per year. I don't have to foreclose. After 12 month redemption period is up the county mails me deeds. I have gotten houses for as cheap as $1200 that already had a tenant in them. It has gotten more competitive over the years, but I'm still getting more houses almost every year. Success rate is between 4% and 20%. The key is to get as many liens as you can for as cheap as you can to increase your Chances.

@Ryan Lee I currently own ten liens.  I had one that was cashed in this year (that earned 19% from the property owner).  I have two liens I am currently working with an attorney to foreclose on (should have title around the end of the month).  I have five liens that are eligible for foreclosure next year.

I have invested in liens in Colorado and Arizona and I have participated in auctions in Indiana (not winning the auctions)

Dennis is exactly right.  There are various places you can go to on the web to buy tax liens/certificates on items that did not sell at auction.