All Forum Posts by: Roger Lin

Thanks. I already signed up with a couple of counties in Maryland and I will find out as much as I can before the sales.

Hi! I am a newbie tax sale investor and have the following questions. Thanks for the advice and suggestions in advance.

1. How much money is reasonable to set aside for this? I am asking this because I am seeing from the 2008 sale results from Maryland (where I plan to invest) most of these tax certificates went to people and companies that bought them in groups. Do I have a chance if I am planning to buy them by individual properties?

2. Do you recommend going to see the property? I've been a landlord and rehabber for a couple of years and I always go see if the house is worth what I am thinking of paying base on location, condition, etc. Do you follow the methods in tax liens?

3. Once I buy the tax certificate on a property, does that mean I need to continue to pay the taxes on that property the next tax due date to maintain my position?

4. If I hold the certificate for longer than the redemption period, and file for foreclosure, do the positions of the mortgagees and other lien holders basically get wiped out? Do I need to file some action to clear title?

Thanks

Roger

Thanks Dan. I think that makes sense. I think what you mean is to go directly to the source, the county governments, which I will. Thanks and I am sure I will have more specific questions for you and the others here.

Roger

Hi Dan

Thanks for your quick reply. I am looking for some materials to learn how to use tax liens as an investment vehicle to safely generate passive income for some unapplied cash. I think what I am looking for are books or courses that you might recommend for a beginner tax lien investor that will provide an overview on the topic with some general strategies. For example, do you think
Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series by Don Sausa is a good book to start my learning process?

I do live in Fairfax and I have always invested in places that I can comfortably drive to but I heard that you can invest tax liens anywhere in the country. Do you think it is prudent to invest only in your local areas?

From where I am, my immediate local areas other than Virginia are D.C., Montgomery, Ann Arundel, PG and a few other Maryland counties.

Thanks Again

Roger

Where can someone buy the so called high-equity lists? Thanks

Hi,

I am a relatively new rehabber. Although I enjoyed my experience with my first rehab, I am beginning to feel like sometimes building a new house might make more sense. I started looking into pre-fabs and was intrigued to find out that with a pre-fab, you can bring the cost of a new house down to about $35-45 per sqft. In the D.C./No Va area that I operate in, it means building a 2000 sqft house for less than $100,000. Considering the high price of houses here it seems to make a lot of sense to do that to properties with high land value but with a worthless house.

Other factors that make this attractive to me are that it takes 28 days for them to build it and one day to install it. Also, with a pre-fab, your construction cost is fixed when you order the home. This eliminates two of the most important uncertainties in the rehab business, the time and cost of construction.

Has anyone done this?

Hi fellow investors

I am only beginning to research on how to invest in Tax Liens. Where would you suggest for me to get an education in this. There is so much on the internet and I just don't want to waste money or time. Are there books you can recommend or even courses? Thanks

Roger Lin