Hello BPJust looking for a little insight from all the wonderful and experience investors on BP, here’s my situationI purchased 3 tax liens last year in Lake County Indiana, two of the properties are in Merrillville IN, the other one is in Gary IN.So here’s my issue, I LIVE IN CALIFORNIA....I’m really familiar with the area and I’ve seen all the houses in person so i know the condition of each.Cost of each property#1 $3800 purchase, $1000 lawyer fee, $2000 back taxed= $6800 total investment.

Totally rehabbed, rented, appreciating, a ton of equity ... a logical selling point.

It all makes total sense.

I totally get it with the high real estate prices here.I thought about foreign investing in Mexico (Riviera Maya) as the prices are low and Vacation Rentals can bring in decent income.

I would offer it up as funding for someones "amazing" deal who needed some funding help (I would probably factor it as the total amount 50K would buy me so call it 300K, 400K, what ever).I would charge a handsome lions share, thats about the maximum leverage I can think of..... should earn about 20K-35K if done correctly.

One of which is return on equity that is the potential total return on the equity from all sources (cash flow, amortization, appreciation potential, tax benefits) you would have in the event you were to "sell," this property.

Here’s the results of my properties, 2 duplexes, or a total of 4 units.Expenses that were common to the property (the duplex) were just tracked as 50% for each unit.

They have a total of 9 parking spaces, of which this particular tax lien parcel would cover about 3.5 regular and 0.5 disabled parking spots (see photo attached).

They are not totally just money thrown away.

The piece missing is what percent of existing stock the new permits represent, you'll have to find the total size of your market from other sources to complete that calculation.