All Forum Posts by: Matt Ellis

I'm learning it now. The 18% returns in FL sound great. 20% in GA if they pay you off after day 1, 25% in TX. But gotta know all the rules. Lots to learn to do it safely. Have an exist strategy before bidding, know your limit. Let me know what you've learned so far

How has your Tax Liens/Deeds investing venture been for you?

I'm just getting started with it. Bought Ted Thomas' course. Learned something new today: In Texas, a redeemable deed state, if they don't pay off the back taxes and you get the property, you also get their Deed of Trust (mortgage) !

@Casey Silva how is your Tax Deed investing journey developing? 

I'm in Santa Cruz County and looking into this now also.

Just learning about it now. Have not purchased one yet but am going to a weekend long seminar this weekend to learn all about it.

Different states and counties have all different rules. Tax deed state, tax lien state, tax redemption states. Best to focus on one area and master that to begin with it seems so you don't get too overwhelmed. Tax liens can be a good source of passive income, but come with some not so obvious risks such as other liens(IRS) holding a first position to your lien certificate that would need to be paid off by you if the property gets foreclosed on and you now hold the Deed. Another con is your money can be tied up for years

I'm on here researching tax lien investing, and stumbled on this thread.

I don't have any prudent advice beyond what all you other experts have stated since I am learning, but this is interesting to learn mistakes like this can happen. So I am wondering from the perspective of the person who purchased the tax lien certificate (I'm assuming someone purchased it): do they not get paid there money back plus interest in this case? or maybe they get paid back their initial investment plus interest as soon as Kristina pays it off.. 

Or maybe there was no Tax Lien Certificate sale yet since the tax delinquent date was some time overlapping the sale of the asset to @Kristina Anderson?

if they are really good at what they do and put in the work and bring you deals, why not sign that 6 month agreement? Try them out, see if they can prove themselves as worthy

Working under  Broker there are fees involved, paid to the Brokerage representing you. How much are the fees at your local Brokerage of choice?

Also wondering, can you have a Broker represent you from another County within your state? 

My question/concern is similar Chris D. , And thanks to all the other answers here.

Being from CA, I'm considering getting my Real Estate License for the sole purpose of writing my own, low ball offers, as many times as I want. But I'm still trying to find out how it works by finding a Broker that is willing to have me work under them, and how much that will cost etc.

I figure if I buy even one house per year, as an investment, the comission savings from representing myself would almost pay for all Costs involved. Then the convenience of scheduling my own showings while shopping for the next deal. Thoughts?

Investing OOS scares me. I'm here in Santa Cruz CA.  Lets get together and brainstorm.