All Forum Posts by: Tomas Janusas

Found it myself on this website Aurora-Investing.com

Right of redemption

The former owner does have a right to take the property back for some amount of time that varies by State. (From a few months up to 2 years.) In those cases, the former owner must pay an interest rate that also varies by state and can be as high as 25% per year.

The great opportunity

What makes a tax sale attractive to investors is that they get a high percentage of interest if the owner redeems the property or they can acquire full property rights at a fraction of the market price.

Hello bp community, I am interested in the deed sale property sold at the county public auction in NY state. From what I read the redemption period is 2 years. 

Where does that leave the new buyer if the previous owner decides to redeem the property? Do you at least get your money back you paid for the property? 

Hello, I am looking to invest in NJ. This area is new to me. I have found a few foreclosure opportunities myself. I have a hard time finding a reliable agent to provide me some insights into the market and help me close on the deal.

Where do I find good and reliable agents that understand the investment game?

Hello fellow investors, I am a fairly new investor with 3 "doors" under my belt in Nor. Cal. Due to CA market, my equity is doing great. Cashflow is alright. So on paper I am rich, cash poor. Just like most of the startup people here in Silicon Valley. 

How do you think about your ultimate exit strategy? Do you think you will hold on to the investments into your retirement? Are you going to sell it all to realize all the equity xx years from now? Are you gonna exchange it into a trophy multi-fam-property? What other brilliant ideas/dreams do you all have?

Thank you, @Greg Dickerson. That's very helpfull. 

The current structure is that we both go on a loan as co-borrowers. Also, on the title. We share the cash-flow and the future profits upon sale. 

ANything else to watch out for in this type of setup?

I am a licensed contractor and I enjoy working on houses.

Recently I found a partner who would provide a down payment to purchase the investment properties, and I do all the rehab work in exchange for equity.

I find deals, mostly mid size SFR, do the rehab, maint., and management. Partner provides cash down payment for the investment.

What would be the right partnership structure? How much equity would you give away for either side of the deal?