Distressed property. I did my research and after a few calls got in contact with the owner. Imagine, if right now, you had an extra $5,000, $10,000, $15,000 per month or more! In fact, it's a whole different kettle of fish. In this video, Tom talks about how to get the delinquent taxes list and what to do when you have it. Im not sure if I made myself clear. There are currently 0 tax lien-related investment opportunities in Portsmouth, VA — including tax lien foreclosure properties — that are either available for sale or worth pursuing. As previously mentioned, investing in tax liens can often mean investing fewer upfront dollars than you would for other real estate investments. My goal is to pay the outstanding lien bill of $16,800 to the investor give the ORIGINAL owner $5k and then own the property free and clear.For a grand total of around $23k. Although many beginners feel that it is the best place to get started in creative real estate, for many, it is a tough way to break into investing without the help of a mentor or coach. Buying From Counties. Use at least 8 characters. I saw an opportunity and wanted to take advantage of it. Subscribe today and get the Oct/Nov issue delivered to your door! That list, for York County, is actually readily and freely available online! The county that he invests in has a tax sale twice a year – one in the fall and one in the summer. 1. Be sure that you have the total of all liens known so that you can get them paid at closing. If I'm understanding your question correctly, you just need to make sure there is enough "meat" in the deal for the lien to be paid off by the end buyer and still have their desired profit. Im in the process of finding all of this out. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember. Any suggestions or comments would be helpful. Real Auction; Bid4Assets; Grant Street; Texas Auctions. If the property is owned free and clear, you definitely can run into that. I did find out that if there were other outstanding liens before the sale the lien holders have the right to replace the liens on the property once the debt has been cleared. Maybe it will work maybe it wont. Im not sure if once the owner repays the buyer the debt plus interest whether other outstanding debts will be reattached to the property. I have a contract with the ORIGINAL owner not the investor who paid the tax bill and is waiting for the 12 month redemption period to expire. Start analyzing real estate properties, we do the math for you. The property owner must repay the investor the entire amount of the lien plus interest, which can range anywhere from 5% to 36%—the rate varies from one state to … We educate owners of distressed and tax lien properties on how to retain their properties and to not lose them to the tax foreclosure auction. Lucrative return on investment. We just need a few details to get you set up and ready to go! Start analyzing real estate properties, we do the math for you. How to Find Tax-Delinquent Properties. Quick Start. In Georgia once a house is sold at the tax auction the owner has the option of regaining control of the property for up to 12 months before the title changes owners.This is done by repaying the debt to the buyer plus 20% interest. Can anyone describe the process in order to wholesale properties with tax liens? Thats what the mortgage companies do. posted over 6 years ago Can anyone describe the process in order to wholesale properties with tax liens? Learn from some of the top real estate investors, bankers and lenders that have years of experience in acquiring residential and commercial estate in the Washington Metropolitan Region. PasswordUse at least 8 characters. Another thing that I must make clear Im not new to investing but I know very little about tax liens. 2 Day Tax Deed & Lien Field Trip. Learn the fast and simple way to start making money in real estate with wholesaling. One of two things can happen: a) The original owner can redeem his property by paying you what you paid for the Tax Deed / Tax lien certificate PLUS a hefty interest rate b) The original owner can simply let the redemption period expire and guess who gets to keep the house? I have been to several tax auctions but never purchased anything neither been involved with any tax auction deal. Ask your boss for a $10,000 raise, and they’ll probably laugh at you. 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