All Forum Posts by: Abdul Rauf M.

Hello all,

I tried asking this in another part of the forum but perhaps it is not the right place to post it.

If i am buying tax lien certificates in many different states using a business entity, do I have to foreign qualify the business entity in every state I buy the liens in?

Hope to get some advise from the experts here.

Hey fellow experts, any advices to this will be greatly appreciated. Hope to hear from someone experienced enough in this area.

Hey fellow BP members,

I have this question that have been nagging me.

I understand that the best practice is register the entity in the State that you are buying the property in rather than go through some method advised online where you form the entity in popular States like Nevada, Wyoming or Delaware etc.. This will avoid needing to foreign qualify your out-of-state entity in the State you are buying the property in.

However I am wondering, if I am forming an LLC, with the sole purpose of buying tax liens (I am a foreign national btw), and I don't wish to limit my tax liens acquisition in just 1 State, but instead buy tax liens all over the US..

Do i need to foreign qualify my LLC in EVERY State I buy these liens in? That's gonna be an issue if the answer is yes..

Any help or advise is much appreciated.

Rauf

Hey guys, Thanks for all the feedback. As much as I would like to name the Guru, I don’t think I’ll do that here as I did a search and saw the person is also a member here at BP. In all fairness, I don’t believe him to be a scam. He seems to be legit with the offering as I checked his profile and credentials. Seems to be a very smart way of marketing this program and preying on gullible Non-American students. I am sure these students are going to be in for a rude shock when they discover how tricky investing in liens will be. There were several other speakers and I actually attended it to catch another popular speaker live. I’ll try get more info for you guys.

Hi there,

Recently attended a seminar where the Guru mentioned that the tuition fees paid will be fully reimbursed (after acquiring 6 tax liens at min $2k in value each), and that they will also provide 100% funding for all the liens purchases, the take up rate amongst the crowd was insane. I am aware there will be a further and more expensive upsell to another workshop during the first class.

But my question is, are there lenders who will be willing to provide funding to investors to buy tax liens? And 100% funding? I believe when the property is flipped or the liens are redeemed, there might be a cut given to the lender but then again, funding for tax lien investors? 

Thank You @Kevin Foster. 

I will send you a PM. Appreciate you reaching out to me too. :)

Hi @Paul Vincent, i believe tax liens in Ohio in those 2 counties you mentioned are sold in bulk? And are tax deeds sold at 2/3 of the assessed value? I would love to get in touch with you.

Thank you Emmett McCarthy . I'll send you a PM

John Thedford yup BP is certainly the place to be!

Denise Evans , I will send you a PM. I hope we can come and work something out. You seem to know your stuffs around Alamaba. I did look at the liens in the recent Alabama sale, which employs premium bidding instead of the usual bid-down interest rates. How did you fare in the recent Alabama sales around the state? Did you manage to acquire any liens?