All Forum Posts by: Tai Bhattad

How did this work out for you? Did you decide to re-assign the tax certs to anyone? 
I had a few abandoned properties with tax certificates that I wanted to keep but they got redeemed fairly quickly. 

Send to me I’ll buy it — you just re-assign it to me 

@Theorun Maxwell how did this turn out? Did the taxpayer redeem? Did you do any repairs during the tax certificate period or did you take the advise of Matthew from Maryland speaking on AL taxes.  I’m curious as to the outcome!!

@Denise Evans thanks for your response. Re: the 20 yr tax deed- I think it’s safe to say the owner was bluffing to redeem the property based on a few conversations and quite interesting they eventually offered to sell the lot. I declined the lot and the deed and sought a lot directly across the street. Interesting story on new lot is that it’s a tax certificate and the heirs told me I could have it and will sign a quitclaim deed Asap. Far less expensive too... $800 vs $3k. 

@Herndon Davis @Bryan Hartlen since you get placed in queue once you submit an online application in AL, better to save your $$ on title search unless you go through the county’s (almost free) online services but submitting an application online is no guarantee you will receive a price quote.  altogether if you are applicant #n+1 - good luck spending money all to never even receive a price quote. You have 21 days to pay the state “if” you get a price quote — take action then. 

@Laura Verderber thanks for sharing the entire experience. I’m starting my flip in Mobile. Your after project looks great. Continued success. 

@Davin Burnell

Sending you nice read on LLC and insurance, etc for REI protection

https://www.biggerpockets.com/...

Sharing some advice outside of your questions...

1. If you are able to re-assign the tax deed to your LLC once formed you may opt to Do that while you get your feet in the door to acquire your tax deed. Essentially don't let the ambiguity of the LLC hold you up from moving forward with the tax sale.

There is a lot info on forming LLC's and even S-Corps for investing, taxes, and personal asset protection .

@David Connolly I thought so too (3 yr possession to QT w/a tax deed.  ) I’m going to follow this post by Denise and her opinion as there’s a lot of confusion on the tax deed. I’ll report back how it went. 

I have the answer regarding the Ejectment legal fee payment on a tax deed from research... I’m good there.  I’m concerned about RE-assessing a Lower tax amount to redeem. Tks!