All Forum Posts by: Martin Brady

Looking to transfer a newly purchased property that has a mortgage into an LLC in Florida. Anyone have any experiences doing this, good or bad.

Hi all!

What’s happens to my premium if in the second year the home owner pays their taxes back in full. I get back my money at 0% interest but does the county keep my premium or do I get my premium back?

@James Lloyd

So when you pay the tax liens plus the premium what happens in the second year.

The What if’s;

1. The property owner doesn’t pay the second year taxes? Does the tax lien go on public sale again? Or do I have preference and pay their taxes again and gain 18% and more than likely foreclose on the property and lose the premium I paid to the county?

2. The property owner does pay the second year. I’m little unsure here. If they need to pay the first year plus the second year. Then I get my premium back but no interest on my money?

@James Lloyd great. Thank you for all that insight !

Could I pick anyone’s brains on here that is experienced in purchasing tax liens in New Jersey?

- Where do I start?

Thank you,

Martin

Hi @Scott Wolf

I was looking to purchase investment property. I messaged you also.

To add. I was looking to buy some investment property. Thank you all for your thoughts.

Hi everyone.

I switched from a W2 to a 1099 recently. I wanted to take out a 30 year conventional loan from caliber home loans. I applied to other banks also. I do not own any property. Credit score is excellent. 250k in my account through CDs, savings, stocks, IRAs etc.

Any suggestions on where I can get my hands on some cheap money? All the banks stated the same thing. I needed a two year minimum in my new business.