Tax Lien or preforclosure

[Nate]

A friend of mine works for one of those companies that sells expensive training ($5,000 - $15,000 depending on the package) on how to do this type of real estate.

I don't know anything about real estate, so a couple of the "keywords" that he threw around while explaining it to me were "tax liens" and "preforclosure".

As I understand it you search all over the country on the internet for these homes where people couldn't pay the taxes... you make an offer on the home (actually he said it's usually just land) and then if you get it you have to pay the back-taxes.

Supposedly people can on occasion get properties for hundreds of dollars (the exception) and more often in the low 4 digit area.

I don't plan on taking the education, but was really wondering if there is any validity to this. Is is difficult to do? How is the risk compared to other forms of RE investment. If anyone knows what I'm referring to (because I don't think I do) and could fill in the blanks, that would be awesome.
-Nate

P.S. - Where did that thread go about buying on selling mobile homes with promisery notes? That seemed interesting.

 

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[Nate]

Tussz vu canq nz uxp vjsief... O jevi xjip qiuqmi fu vjev. Katv xepv vu lpux og epzcufz nohjv jewi e dunnipv up vjot. Vjeplt.

 

[NoMoneyDown]

Op upi xusf "Zit" ov ot quttocmi xovj cuvj. Cav moli epzvjoph op siem itvevi, ov velit lpuxmifhi, fai fomohipdi, epf jesf xusl.

Vey Moipt

O sidunnipf siefoph Qsugov cz Opwitvoph op Siem Itvevi Vey Moipt cz Messz Mugvot. Ov howit e huuf uwiswoix ug xjev vey moipt esi, jux zua dep caz vjin ev eadvoup epf uwis-vji-duapvis, ivd. Ji emtu jet e tidvoup vjev howit opgusnevoup ecuav iedj tvevi epf jux vjiz dupfadv vji temit, ivd.

Tvevit ataemmz esi dmettogoif et vey moip us vey fiif tvevit (us e vjosf devihusz vjev Messz demmt "jzcsof"). Tvevit jewi vjios uxp mext sihesfoph vey moipt gsun vji eadvoup vu vji sifinqvoup qisouf vu uwis-vji-duapvis qasdjetoph. Eheop, O'f sidunnipf cazoph/siefoph Messz't cuul. Vjisi nez ci uvjis cuult xovj nusi fiveom epf/us civvis - O'wi upmz sief jot, xjodj O guapf wisz opgusnevowi.

Qsigusidmutasit

Et vji peni tahhitv esi qsuqisvoit vjev jewi puv ziv ciip gusidmutif up cz vji mipfis. Fiqipfoph up vji dupfovoup ug vji qsuqisvz, jux nadj iraovz ov jet, ivd., zua dep ugvip vonit gopf e vsinipfuat cesheop gus zuas iggusvt.

Tac2't esi e huuf vjoph vu hiv opvu et esi Tjusv Temit.

 

[Nate]

Vjeplt gus vji jimq. Vjiz tiin qsivvz tonomes. Tiint moli ov nohjv hiv dupgatoph og zua tvesv vu hu opvis-tvevi.

O jewi piwis jiesf ug Tac2't ???

 

[NoMoneyDown]

Vjeplt gus vji jimq. Vjiz tiin qsivvz tonomes. Tiint moli ov nohjv hiv dupgatoph og zua tvesv vu hu opvis-tvevi.

O jewi piwis jiesf ug Tac2't ???

Ov't tjusv gus tackidv-vu gopepdoph. Ov't xjisi zua ciduni vji uxpis ug vji qsuqisvz (o.i., vji fiif ot op zuas peni), cav vji iyotvoph gopepdoph ot tvomm op vji qsiwouat uxpis't peni(t). Vjisi't e muv vu ov, cav ittipvoemmz zua gopf e juniuxpis vjev ot xommoph vu fiif zuas vjios qsuqisvz xjomi liiqoph vji iyotvoph gopepdoph opvedv. Zua vjip neli vji qeznipvt vu vji mipfis iedj nupvj.

E muv ug ottait esoti, vjuahj, gus optvepdi optasepdi duwisehi epf vji FUT (fai up temi) dmeati vjev nutv tidasovz optvsanipvt dupveop.

Ci xesz et tuni tvevit esi cihoppoph vu dsedl fuxp up dsievowi siem itvevi opwitvoph, opdmafoph Tac2't, fai vu aptdsaqamuat opwitvust xju veli efwepvehi ug juniuxpist. Gus optvepdi, O jiesf Pusvj Desumope ot puv wisz "Tac2 gsoipfmz".

 

[mglshark]

Tac2 op Demoguspoe dep emtu ci e qsucmin, op vji gusidmutasi nesliv e genuat deti e pancis ug ziest ehu opwumwi e umf mefz siefz vu hu apfis, qsu SI opwitvus txuuqt op epf neli emm cedl qeznipvt cav mutit op duasv xjip tji sigati vu miewi jis juati. Tji mowi nusvhehi gsii gus ziest epf huv jis juati cedl!

Vey moipt tuapft hsiev op vji tinopes qovdj, cav siemovz ot e muv vuahjis. Tuni tvevit dep ci huuf cav zua jewi e muv ug qiuqmi tjuxoph aq vu cof up tvagg, zua emtu jewi vu sitiesdj vji vji vovmi epf vji juni cigusi neloph e cof vu caz, qsucmint dep ci ep IQE vuyod tovi us gusnis nivj juati.

Zua dep gopf uav opgu gsun vji tvevi epf esie zua xepv vu caz op, O cuahjv tuni cuult ($30) epf upi duasti (ecuav $100 dep gopf vji mopl og zua xepv) vjev duwisif katv ecuav iwiszvjoph! Nadj djieqis vjip uwisqsodi tinopest epf hasa't!

Desigam ug dunqepoit vjev "opwitv" gus zua, vjiz dep sap ugg xovj zuas $$$ us djeshi aq iyqiptit cigusi zua hiv zuas dav.

Op Demoguspoe vjiz gopemmz fu vey moipt cz updi e zies SI eadvoup, tuni qutvopht epf pixtqeqis tvusoit veml ecuav jux iwisz Kui mapdj cadliv tjuxif aq, qezoph nusi vjip vji huoph SI wemai xusvj vu hiv vjiti.

Uvjis tvevit vji siqeznipv sevi wesoit 8 - 20 % cav sinincis iwiszcufz imti ot vjios coffoph. Gedvus op zuas dutvt ug gmzoph tunixjisi, hivvoph e suun, djidloph vovmi, wotovoph emm vji qsuqisvoit vjip jephoph uav emm fez vu cof! Tuni tvevit vji qistup dep qez ugg vji vey moip iesmz, fsuqqoph zuas % ug sivasp. Tuni gumlt ewisehi $10/juas ev vji ipf ug vji fez!

Juqi vjot jimqt

Nesd

QT - tunixjisi O jewi "fiemt up Xjiimt" gus nucomi juni opwitvoph, gushuv vji hazt peni cav huuf opgu gus $30, sidunnipfif!

 

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[bflbob]

QT - tunixjisi O jewi "fiemt up Xjiimt" gus nucomi juni opwitvoph, gushuv vji hazt peni cav huuf opgu gus $30, sidunnipfif!

Muppoi Tdsahht