I'm still in my research phase in buying Title Lien certificates in Florida. Now, I am not interested in owning the property. Therefore, I want to buy the TLC and flip to a secondary market. Is there a business in that strategy? What secondary market's exist? and finally how long do I have to hold the TLC before I flip it to a secondary market?
I never heard of a secondary market for TLC. Just for the properties. There are plenty of auctions for who wants to purchase the tax for the interest rates. So I don't see leverage to sell those TLC. If you find one, please let me know.
Makes no sense. You'll be bidding down to 4-5% interest tops, maybe 1-3%, on a decently collateralized certificate. You may not realize that buying the certificate gives you NO advantage in trying to acquire the property.
While some people don't believe a their is a secondary market in property tax liens there are people that insist there is. I used to receive portfolios of Florida TLCs for sale.
PIP Group has been in business quite a while.
Sorry. I thought the OP was looking for purchasing on the TLC secondary market. I apologize.
This post has been removed.
@John Anderson Hello! Where can you go directly for a list of Illinois secondary tax liens? When I say secondary I am talking about an after market of tax liens previously purchased from the County. I agree that I would never pay her a yearly of over a $1000. She invests her own money with PIP Group. They sell secondary tax liens. Perhaps that's where she gets them for her group members.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing