Just thought I would take this opportunity to share with you some additional basics that I have learned within my short venture into investing with Tax Liens.My state (Alabama) currently has a 3 year redemption timeframe and pays approximately 12% per year.Ok, I assume you know the foundation on how to find listings and researching the properties etc.My discussion will begin with what happens after you purchase your Tax Liens.Firstly, be aware that most Tax Liens will be redeemed approximately 90% are repaid within the first year.Secondly, after the sale the previous owners are usually notified that their property has been sold and outline their rights of redeeming the Lien without additional consideration (aka cost paid to you the purchaser) if made normally within 10 days of notice.Thirdly, the annual percentage rate will only begin after you have held the Lien after 30 days; therefore you will receive only the original cost you paid on the Tax Lien; no more, no less.Lastly, you are not the homeowner just a Lien Holder therefore no keys, no access to the property, no look through so etc.  

While Airdna estimated annual revenue at around $45K, I earned $90K last year.Follow these three steps to build a solid foundation before calculating your mortgage and expenses.

Surrounding yourself with like-minded individuals and continuously learning is one of the best ways to build a strong foundation in this space.I’d love to be a resource for you as you explore different strategies.

Unless you had a foundation repair company you trust tell you needed a french drain.

I remain big on real estate because I love it and I'm taking a long view that our kids and theirs will benefit if we can lay a solid foundation.

I have much to learn, but I believe I have some solid foundations.

You can often uncover major things with a little research before you view the property - Ages of appliances, HVAC system, foundation/cracks, plumbing leaks, small electrical things (bring an outlet tester), signs of previous leaks, termite damage etc.

The initial condo had a huge assessment that was based on square footage (something to do with the foundation) - so they ended up selling to try to get out of the assessment. 

Upon inspection the appraiser will see the crawl space and see it was a mobile home plus a HUD tag and public record.One of the requirements in mobile home financing is the property "Must" be on a concrete permanent foundation(in order to be real property) on top of that it requires concrete pillars, skirting and the "Well and Septic" dug and placed within legal distance from subject property.

(Getting a PE involved in requesting and certifying foundation work wasn't cheap!)