When auditing loan tapes during due diligence, standard O&E reports often verify that legal title is clean, but miss whether the note itself is properly perfected against the dirt. Vote in the poll above! Drop a comment below: If you've been burned by one of these (or caught one just before fundi...
Jimmy Napier - Fix the Financing Jimmy Napier used to teach a course he called fixing the financing. The gist of it was that an Investor could profit by buying (or investing in) real estate where either a “bad” loan encumbered the property or the owner was unable to obtain a loan at all. Jimmy pr...
Hello BiggerPockets community! I'm relatively new to the Texas tax-deed investment market and recently purchased two properties through a Dallas County tax foreclosure auction. Both Sheriff's Deeds were officially recorded on October 16, 2026. My question is: Can an investor legally resell a prop...
Jimmy Napier did this AND gave a large equity “gift” to the borrowers. Remember, this is back 40 plus years ago, in rural Florida, so adjust prices in your mind. Jimmy would buy a perfectly livable mobile home at auction for say $5,000. He’d pay about $750 to move it to a lot he bought at auction...
If the county property-appraiser record says "Hotel / Motel," don't price it like a house. Before I set a max bid I: 1) Read the legal description — whole lodging parcel vs a unit or strip 2) Check lodging/business licenses and any fire-marshal or open building-code cases 3) Run a city/county lie...
With the Florida tax deed calendars filling up for November and December, I keep seeing the same trap on cheap vacant lots: the opening bid looks like a steal, but the lot has no legal way in. Before I put a max bid on any vacant parcel, I run four quick access checks: 1. Pull the parcel on the c...
For those investing in mortgage notes, what factors do you consider most important when evaluating a potential deal? Beyond the purchase price, how do you weigh things like the borrower’s payment history, property value, equity position, interest rate, remaining balance, loan-to-value ratio, and ...
I have typically looked to source property at a cash value. 70%, 65%, 50% ARV - minus repairs. Not being extremely effective with off market deals, I purchased my first Fix and Flip from the MLS. Now I have been approached by an investor the wants to buy from Foreclosure Auction. The Ask On homes...
If you buy at tax-deed sales, you already know the county list is the whole game, and it is usually a PDF that looks like it was formatted in 1998. Here is how I work through one before sale day, in case it helps newer buyers. 1. Sale date and sale type. Some lists mix tax-deed sales and foreclos...
Anyone else old enough to remember Flipper? Smartest dolphin on TV, always swimming in to save the day. Today’s flippers aren’t having the same luck. I just got back from an industry event, and the mood among flippers was very different from a couple of years ago. Almost everyone I talked to has ...
The phone call that saved this deal went to the wrong person. We needed to find the man whose old liens were sitting on our lots. I called the number I had for him. It was his wife’s. That call got us a $1,500 quitclaim covering 40 lots. Then came a quiet title, and lots we could actually sell. W...
In 2019 my company, Anderson Realty Group, bought a house in Jefferson County from the State. The owner had stopped paying taxes in 2015 after a fire gutted it, and the State picked it up at the 2016 tax sale. When we got it, it was uninhabitable. We put $88,812 into it — framing, roof, wiring, p...
Here's a way to lose money at a tax sale that never shows up on anybody's lien checklist: you win the land, and somebody else still owns the house sitting on it. A manufactured or mobile home starts life as personal property. It carries its own title, the same way a car does — issued by the state...
Something I learned the hard way in the note business, and a reminder I give myself every year around this time. Before the holidays hit, reach out to everyone you rely on to close deals: your attorneys, your servicer, title, realtors, field reps, whoever is in your chain. Ask them one simple que...
Palm Beach Oct 14 and Miami-Dade Oct 15: recheck the list before you bid Before you underwrite next week's South Florida tax-deed sales, pull the county preview again this morning. Lots keep redeeming until the winning bid is paid. Palm Beach County, Wed Oct 14 (clerk online auction preview as of...
For those who've closed on tax delinquent properties, was the extra legwork worth it compared to a normal MLS or off-market deal? Curious what surprised you most.
I bought a house at our local county steps on Tuesday that the county has assessed at $550,000 (which I think is probably low) and I paid $66,000 for it! There was no mortgage on it either. What in the world would make someone walk away from almost $600,000 in equity? He isn't dead. He talked to ...
Miami-Dade's Oct 15 tax deed sale listed 15 cases. As of Oct 7, 10 show as redeemed, 1 was canceled per bankruptcy, and 4 are still scheduled: two Sunny Isles Beach condos (2026A00220, 2026A00227), a downtown Miami condo (2026A00258), and a vacant commercial piece on S Bayshore Dr with no site ad...
I've been pulling the public Palm Beach County tax deed auction pages to see what actually makes it to sale. For the Sept 16 sale I captured 49 listed lots. Final status: 40 Redeemed, 5 Sold, 3 Canceled per County, 1 Bidder Walked Away. The Oct 14 sale is trending the same way. As of Oct 1, 55 of...
I'm in Coral Springs and have been reading through the Broward tax deed list for the October 26 sale. One that caught my eye: 4210 SW 20 St, Fort Lauderdale 33317 (folio 504113-04-0670), a 1958 3/3 single-family. Opening bid on the county listing was $33,771, and the 2026 county just value is $53...
Watching two CT tax sales this month, Bethel Aug 5 and Stafford Aug 11, and they're a good reminder that the winning bid is the easy part. What kills people is what survives the deed. CT municipal tax sales run under CGS 12-157. Sale extinguishes most junior encumbrances after the six-month redem...
i have been very fortunate during my career to have been able to acquire and dispose of what i would consider a decent amount of mortgage notes. many of those that we invested in were non-performing loans and while i like to say we believe we have pretty much seen everything, we know that is not ...
The Commissioner of State Lands auctions Fulton County, Arkansas on September 17. One line in the catalog looks like the deal of the year: Sale #9313, 3.65 acres, $3,048.15 owed. The county's own property card puts market value at $149,450 — two homes, decks, porches, outbuildings. The owners of ...
Hello everyone! I am planning on buying a 3 bed 1 bath house from a tax lien/sheriffs sale and I was just wondering if anyone had and tips I should know about before going through with this? I understand I will need to have the cash readily available and pretty much all you get to look at is the ...
If you own a mortgage note, do you view it as a long-term investment that you plan to hold until maturity, or would you consider selling it if the right opportunity came along? What would influence your decision most—your current cash flow, the remaining term of the note, your need for liquidity,...