All Forum Posts by: Tamika Rue

@ Robert Sims thank you, how long is the redemption period in TX?

I purchased a tax lien property but I believe it is vacant. Rode pass and grass is cut. I would like to write a letter to the owner to inform them that I have a lien against their property. I would also like to write a letter and tape it against the door to notify the people who are living there what's going on as well. What should I include in these letters? Should I just introduce myself and explain to them that I have a lien against their property with my contact info? Also, would painting the outside of the house count as an improvement to the property? I'm trying to jack up the price to make it harder for the owner to redeem. I'm in bham, Al. Thanks any help is appreciated!!!

If I buy a tax lien and sale it, if the owner decides to redeem would they have to pay the trasferee what they bought it for? Or just back taxes plus interest and improvements? Say I bought it for 1,000 and sold it for 1,500, would the person who is redeeming pay the 1,500?

Hi everyone. I've decided to go ahead and make my first purchase. I'm excited and nervous. I really would like to jack the numbers up so it'll be a little harder to redeem. I really like the property and will do whatever I can to keep it. So if any one knows how I can make the numbers go up, that'll be great. I think it is not vacant so that's why I'm having trouble. Also, I've decided to leave a note on the door. Not quite sure what to say right now. Any advice on that is helpful as well. Btw im in bham, al. 

I'm in alabama btw

Hello all. I'm trying to learn as much as I can about redemption before I purchase a property I just received a quote on. To my understanding I have to notify the owner that I'm purchasing the property, etc. Also I believe that the property is a tax lien. I understand they have 3 years to redeem. Anything else I should look out for when dealing with redemption. I really would like to keep the property. It's nice but I can't tell if it's vacant or not. How can I jack the costs up on a house that's being occupied when or if the owner tries to redeem? Without breaking into the home. Until I get paperwork saying I'm the lienholder I don't want to make any moves. But when it comes, I plan on telling them that they can either start paying rent or they will see me again in 6 months to evict! Any advice is appreciated!! I'm in Birmingham Al.

I realized that I'm not posting my location when I post my discussions. My apologies, Im in Birmingham Al. I've been craming my brain with as much as possible about tax deed/lien investing. I've learned so much and still learning something new everyday. I have received a quote back from the state. Tax sale date was in 2018 so I'm kind of sure I will be getting a certificate instead of a tax deed. The property seems to be in pretty good shape. I haven't had a chance to look on the inside. I'm not sure if it's vacant or not. Grass hasn't been cut, when I ride pass I see no cars or people leaving or entering the property. However, it does have a lot of window units. I'm undecided on if I want to sale it to another investor or keep it for myself. I also understand that if it is occupied that I will have to give them a written notice stating that I'm the lienholder and I'm taking possession immediately. And they can either pay me rent or get evicted 6 months from when they get the notice. I also found out it's good to start doing things like mowing the grass, putting up signs, etc. Long story short, I would just like to make sure I'm headed in the right direction. Is there anything I can do to make it a little harder for the owner to redeem without breaking and entering if it's occupied? Any advice will be greatly appreciated. I plan on purchasing this property before 4/11. Please help!!!

Alabama unfortunately, how does the process work in Arkansas? 

I have just been sent a price quote for a property Im very interested in but I'm still very skeptical. I believe that if it hasn't been in the states possession longer than 3 years then it'll be an assignment, but if it has then you get the tax deed. After researching I find out that no matter when it was sold to the state, after I start possession there will still be a 3 year redemption period. There seems to be people staying there so it is not vacant. Can I do an eviction with an assignment? I have until next month before the price quote expires but as soon as I figure out how to handle it being occupied I will take action immediately. Any advice would be appreciated. Thanks!

@Jeremy, I use to use bham land bank, now I just ride around in areas where I know there are a lot of abandoned houses. I jot down the addresses and then I go on Jefferson County Tax Assessor website to search the property. I look up all of the information pertaining to the house and I look up the redemption. From there I fill out a application through Alabama Department of Revenue and wait on a price quote to come back. So far I haven't made any purchases. I've applied for a few houses and got back a quotr, but didn't go through with the purchase. I would love to buy and sell and in the future buying to rent out. Thanks for your help.