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Real Estate Purchasing tax liens

Discussion in 'Real Estate Investing' started by wildambitions, Sep 17, 2007.

  1. wildambitions
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    wildambitions Bronze Contributor Read Millionaire Fastlane

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    Has anyone participated in aquiring properties through the purchase of tax liens? I attended a seminar awhile back that touched on this subject (for details I would have had to purchase their $6000-9000 system). I believe the general "jist" was to purchase the tax lien, then wait to see if the delinquint payment was paid. If it was paid it was paid to you (plus interest), then, if it was not paid, the lien holder would have first rights to the purchase of the property for the cost of the loan.
     
  2. Yankees338
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    Yankees338 Bronze Contributor

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    From what I've heard/read, you could earn a pretty good return on your investment (probably around 15%), but you often don't get the return for years. I believe your investment + interest is only returned to you once the property is sold and the owner can cash out their equity.

    I'm not entirely sure on the topic, so please, correct me if I'm wrong.
     
  3. wildambitions
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    wildambitions Bronze Contributor Read Millionaire Fastlane

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    Thanks Yankee,

    How awesome is this website that I can get advise from a 16 year old. I love reading your posts and hope that you continue your quest down the fast lane and influencing those of us that sometimes tend to drag our feet. You are an inspiration to me and I hope to introduce my children to this forum so as they too can be inspired by you and all the other GREAT people/minds here.
     
  4. S928
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    S928 Contributor

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    Ditto what Wildambitions said!

    Yankees338, you seem to have a GREAT head on your shoulders! Keep it going!!!
     

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