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Purchasing tax liens

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wildambitions

Bronze Contributor
Read Fastlane!
Aug 29, 2007
811
121
Southern NM
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.
 
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Yankees338

Bronze Contributor
Jul 24, 2007
1,800
131
31
NJ/MD
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.
 

wildambitions

Bronze Contributor
Read Fastlane!
Aug 29, 2007
811
121
Southern NM
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.
 

S928

Contributor
Aug 7, 2007
161
29
Ditto what Wildambitions said!

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