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All Forum Posts by: Ryan Lee

Ryan Lee has started 25 posts and replied 138 times.

Post: What You Need To Know Before Bidding For Tax Liens

Ryan LeePosted
  • Investor
  • Bowie, MD
  • Posts 143
  • Votes 51

Not sure if this link was shared in the forum as yet, so I am posting it here. 

https://www.forbes.com/sites/morganbrennan/2012/11/26/vulture-investing-what-you-need-to-know-before-bidding-for-tax-liens/#5fa6017b57a1

Post: Someone bought a private road for $994 in San Francisco

Ryan LeePosted
  • Investor
  • Bowie, MD
  • Posts 143
  • Votes 51
Originally posted by @Matt K.:

OMG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! thanks !!!!!

please keep us updated!!!!!

Post: Who from Biggerpockets is mentoring this 11 year old?

Ryan LeePosted
  • Investor
  • Bowie, MD
  • Posts 143
  • Votes 51

I see this girl is out here flipping houses or her first house. Whoever is responsible for this I applaud you.

http://www.10tv.com/article/11-year-old-girl-saves-money-college-flipping-houses

Post: Old Article on Homeowner Foreclosing on BAnk

Ryan LeePosted
  • Investor
  • Bowie, MD
  • Posts 143
  • Votes 51

Old article but very good info.

http://abcnews.go.com/Business/philadelphia-man-forecloses-wells-fargo-mortgage/story?id=12932362

Post: Our Bigger Pockets Tax Lien Investor made the Newspaper

Ryan LeePosted
  • Investor
  • Bowie, MD
  • Posts 143
  • Votes 51
Originally posted by @John Stoeber:

I'm pretty sure this is what he's talking about. Very interesting read.

https://www.google.com/amp/www.baltimoresun.com/news/maryland/investigations/bs-md-ci-million-dollar-vacants-20170728-story,amp.html

 yes I just updated the status.

Post: Our Bigger Pockets Tax Lien Investor made the Newspaper

Ryan LeePosted
  • Investor
  • Bowie, MD
  • Posts 143
  • Votes 51
Originally posted by @Dennis Weber:

where's the article?

 update

Post: Our Bigger Pockets Tax Lien Investor made the Newspaper

Ryan LeePosted
  • Investor
  • Bowie, MD
  • Posts 143
  • Votes 51

A friend sent me this article on tax liens and I notice our resident Tax lien expert @Ned Carey is mention in the paper. Its also a good article on why the tax liens process that is happening in Baltimore. 

Post: Someone bought a private road for $994 in San Francisco

Ryan LeePosted
  • Investor
  • Bowie, MD
  • Posts 143
  • Votes 51
Originally posted by @Ron Fletcher:

If I were these buyers I would " settle "sell back to owners for a 100% return and be done with it. If they get really greedy as someone posted earlier, those people and their lawyers will drag it thru courts for years and bleed them dry.

 true

Post: Someone bought a private road for $994 in San Francisco

Ryan LeePosted
  • Investor
  • Bowie, MD
  • Posts 143
  • Votes 51
Originally posted by @Bruce Lynn:

@Ryan Lee   Looks like it is gated.....now the winner owns the gates.  He could either open them up for all to see.....and take a fee to close them, or could install a toll taker.   This will get very intereeeesting.

 I would sell it back to them plus some perks from one of the owners. I am assuming since they have money they might have some connections or deals that can be made. 

Post: Someone bought a private road for $994 in San Francisco

Ryan LeePosted
  • Investor
  • Bowie, MD
  • Posts 143
  • Votes 51
Originally posted by @John Nachtigall:

@Bruce Lynn

Apparently there are 800+ "private roads" in San Francisco and they are all taxed at $14 a year because that was set back in the 1800's.   I smell a tax increase coming.   It will not take long for the most liberal city in America to figure that out (sorry Berkeley, New York or Boulder if you are offended).  

@Aaron Mazzrillo@Ryan Lee

There is something to be said for aspiring to be wealthy enough to be worth suing.   I fervently hope to be worth a frivolous lawsuit one day, I will know that I have arrived.    :-)

Agreed.