All Forum Posts by: Will Sifert

Ned, are there any good sources, website, blog post on here, etc. When I can get a good overview of how Maryland works? Also are the tax sales different in Baltomore city different than the rest of the counties or is it different county by county ?

0 Votes

Quote from @Michael Weigum:

This is something that I have been interest in for the last couple years, just haven't done it yet. Would love to learn more from experienced people.

You are in a good state if you have a good bit of money to invest. John who posted right above you has a lot of experience in South Carolina and is very helpful with any questions you have.

1 Vote

If you buy tax liens, list the state and how many years you have been buying. Would be nice to see how many people we have here and how long / which state(s) they have been buying from. I'll start:

Louisiana (14 years)

Colorado (just started)

Arizona (just started)

1 Vote

Quote from @Jerry K.:

I've used Mark Manoil of Manoil Kime PLC in Phoenix, AZ. Mark wrote a book on Arizona tax liens. He has handled 5 or 6 of my lien foreclosure cases. He even reminded one county treasurer office of an Arizona ruling when the county first said the foreclosure time had passed. It hadn't. I ended up with 3 parcels via foreclosure and the others resulted in the owners paying the back taxes, all the interest, and my attorney fees for filing the tax foreclosure (owner paying attorney fees if they pay off the liens during foreclosure is an Arizona thing)

Jerry, I did a search for the book. The only one I could find looks like it was printed in 1989. Do you know if he has any updated editions? I would like to buy it but was worried that laws could have changed and the book would not be up to date. Thanks!

0 Votes

Quote from @Harrison Silverstein:

I was looking into tax liens and even tax overages a number of years ago. One thing that worries me right now is the possibility of NYC to abolish tax sales. If that succeeds, more states would probably soon follow. (Ultimately what pushed me into note investing as well)

Before diving deep into it, the landscape could be changing quite a bit in the near future. It's already a competitive field, that may get even tighter.

Abolish property taxes????????? and replace it with what, a 75% income tax or .30 cent sales tax ?? No state will ever do away with property tax. There would be NO money for schools, fire, police, roads, parks etc etc etc etc etc etc etc etc.

3 Votes

Atlanta, Georgia

I am starting to build a directory of attorneys in different states that handle tax sale litigation, quiet title suits etc. If you can recommend one (or two) that you know of or worked with please share the attorney's name and city/state. (I have Denise for Alabama ;)

Thanks!

1 Vote

Quote from @Arthur Neves:

@Wayne Brooks you hit the core of my question. 5% in a few months is a very good return for some. Including me.

However it is very low that you need to scale massively. And that’s what I want to get advice on.

From my experience, I always got the certificate paid after a few months. But indeed that it is not the truth. What is the percentage of certificates that get paid after 1 or 2 years? Anyone has that data?

5% min is great if they redeem right away in the first couple months. Not good if they wait a couple years. I will never buy liens in a state where I wont get the deed when the redemption period expires. I am not going to bid against other people for the deed when I bought the lien.

0 Votes

Quote from @Imri Adelman:

Thank you for the information. Sure- Considering offering a service and wanted to get a grasp of market size.

Go sign up to realauction, gov ease, civic source, zeusauction etc. All of the big online bidding platforms. It is free to make an account and most tax lien sales are free to register. Each site will show you how many liens and should show you how many bidders are registered. After the tax lien sale you can usually get statistics from the sale for each property.

I don't see any value in some type of national data base, software. Everything is going to be done on a local level and each location is different. As far as finding out when tax sales are held, where, etc. its easy enough with a google search, don't need software for that.

2 Votes

Quote from @John Underwood:

I never do title searches. I've been doing this for well over a decade. The houses I get are generally good to go due to string laws that mostly wipe out debts and mortgages as long as the county does proper notifications.

Does SC wipe out any local municipality liens like code violations, demolition, grass cutting, snow removal, etc etc.

0 Votes

Fayetteville, Arkansas

All Forum Posts by: Will Sifert

Will Sifert has started 48 posts and replied 510 times.

Post: New to Investing Looking for Out of State Deals

Post: How many tax lien buyers are there here?

Post: How many tax lien buyers are there here?

Post: How many tax lien buyers are there here?

Post: Real Estate Attorneys in Arizona

Post: Looking for a Mentor/Coach

Post: Looking for attorneys that handle tax sales / quiet title suits

Post: Anyone purchasing massive amounts of tax liens certificates ?

Post: Tax liens nationwide statistics

Post: Tax Deed Sale and Title Search