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Old 10-19-2008, 01:01 PM
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Join Date: Oct 2008
Location: Desoto, Texas
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Default Investment
I recently researched the process of purchasing properties in a lien status for taxes through bidding down at the court house.
We(my family) are is not wealthly. So loosing money making large investment purchases is not an option. It would be a sacrifice, but from what I hear, one worth making.
Does anyone have any knowledge about this process, and/or any advise regarding such.
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Old 10-19-2008, 01:06 PM
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Those are all cash transactions. You not only inherit the tax lien, but you inherit ANY other lien on the property including any amount due on utilities, HOA, etc...

Those are homes that are most of the time in need of major rehab too.

Naima
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Old 10-20-2008, 12:58 AM
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Quote:
Originally Posted by nsumner View Post
Those are all cash transactions. You not only inherit the tax lien, but you inherit ANY other lien on the property including any amount due on utilities, HOA, etc...

Those are homes that are most of the time in need of major rehab too.

Naima
Yup, I'd pass on it personally. Stick to more conservative investments like positive cash flow rental property.
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Old 10-21-2008, 09:46 AM
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Tparker -

Real estate (of all types) is very high-risk investment, especially now. If you can't afford to lose 100% of your committed cash in the transaction, you shouldn't even think about doing it.
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