All Forum Posts by: Kin Lay

@Ned Carey if a house in MD has a zestimate price of $50,000, how much do you think an individual would have to spend on tax lien in order to acquire that house?

In this example, I assume the homeowners will give up his house and looking for just an estimate.

Thanks!

in California, individuals usually pay 70% of the zestimate value of the house from tax deed sale. Assuming zestimate is accurate, an individual can save 30% doing tax deed. As for going through tax lien sale, approximate how many % do you think an individual can save at Texas or Florida, assuming they would get the house through foreclosure?

I am considering real estate investment and starting as a newbie. I am particular interest in tax lien because I only have few thousand dollars as capital as I recently graduated from college. I researched about tax lien and know that tax lien auction vary county by county. However, in general, what month(s) of the year is best for tax lien auction / sale? I think property tax is due around April across the country. Should I expect more tax lien on sale the first auction after the deadline of the property tax? On the other hand, should I also expect more investor(s) / competitor(s) to show up on these auction?

Any insight would help, thank you!

@Ned Carey I am new to tax lien stuff and have 2 questions.

1) If you own the tax lien and the property owner does not pay the tax lien amounts by the deadline, can you choose to take the interest from the county instead of file foreclosure on the house?

2) If you own the tax lien and the property owner does not pay the tax lien amounts by the deadline, you decide to file foreclosure. I assume the tax lien will become tax deed. Is this tax deed going to be on tax auction and whoever bid the highest price will get the property after they pay your tax lien plus interest on that property?

This means that even you have the tax lien and the house owner does not pay, there is no guarantee that you will get the house?

I recent look into tax lien sale and wonder which cities and states yield the best percentage for the tax lien certificates?

I live in California and my state does not do tax lien sale.

Thanks in advance?

@Tyler Jahnke I have not have the time to fully read all those responses that you put there, but you give me confidence and inspire me to try my first rental investment. Thank you. Did you pay all cash or 20% down payment?

Just curious, do you happen to graduate from UC Berkeley too?

Sorry wrong post.

Please let me know if space becomes available.

I am new to real estate and have been watching BiggerPocket. One thing that amazed me is that many people are able land those multi-family units for less than $80K budget while earning 2% rent-to-price ratio of rental income. I live near San Francisco and there is no way I can afford and find any of those deals. If you don't mind sharing, can anyone provide any hint on finding those great deals?