All Forum Posts by: Lisa Tanner

 But some of the properties are going for $100(that's all they owe on their taxes), what owner would sell their house for $100? That's what I'm not understanding. I get trying to make a deal before hand but with them owing so little, I feel the better deal would be wait. No? 

My husband and I are looking at Tax Delinquent properties to buy at auction this November. From what I understand, you bid on the deliquent tax and pay it, then the owner has a year to pay that tax. If they dont at the end of that year, whoever paid off the tax gets the deed to said house. Or at least that's how it was explained to me by our county representative. 

Has anyone done this? It seems too good to be true. I have found the list for our county and some people only owe $100-$500 dollars. Can I then turn around and sell it at market price? 

Looking for advice from someone who has experience in doing this.

Also on other forums talking about this, they said to send out mailers beforehand. Why would you want to do that? At auction wouldn't it be so much less, since it's being sold for only what taxes they owe? 

I think the problem is because I currently own the land I would want to build on with my 401k money and it's a "conflict of interest." I cant personally own anything that would be tied to the 401(k) or IRA investment.

If I understand it correctly I could buy or do a ROBS program for land or real estate investing that I dont own or have any connection to .

Great ideas! Thank you.  

 Thank you! 

We live 30 minutes south of Charlotte NC, in Clover SC. The land has been cleared of big trees but has brush and dead trees covering it making it unusable unless cleared. We do have a shooting range we have cleared. 

I'm not sure. When I talked to my accountant he told me, I could do it into a self directed IRA, without penalty.

We have 36 acres of raw land that our house sits on. We got it for a great price and are wanting to build a 4 plex on our front 5 acres, using our 401 (k) savings.

my husband and I are new to real estate investing. This will be our first investment. We have 36 acres, and are wanting to pull $55,000 out of our 401(k) and roll it into a self directed IRA, use that as the downpayment for a fourplex on our front five acres. We know that after expenses and setting up a LLC all income would have to go back into the 401(k), but we also have about $5,000 to put up of our own money so we could get a small percentage of cash flow back to us as well.

Has anyone done something like this before and have advice?