Looking for help with Tax Liens

[Michael A Moore Jr]

Hi All!

I just recently won 3 tax lien bids in Camden, NJ. I've been reading a ton of information and checking out youtube videos on the subject but I am still a little unclear on the process. I have a meeting with one lawyer tomorrow that I am hoping will clear some questions up. I am looking to network with anybody who is familiar with the process not limited but including, lenders, contractors, lawyers, etc. I would also say I am looking to keep all 3 and do full rehabs on the properties and add them to my long-term portfolio. Any and all suggestions are welcomed!

Thanks!

Mike

[Michael A Moore Jr]

First, I would like to thank you for the reply and suggestions. It's a tax lien and I am aware I don't own the property just yet. I spoke with a lawyer today and let me know I will have to wait 2 years before I can foreclose on the property. 

All 3 are actual homes in my home city Camden, NJ where a lot of redevelopment is going on and 1 of the properties is in our downtown area next to hospitals, a transportation center, and entertainment. For 5k I think it's a home run once I own it.

All properties are vacant and need complete rehab. They have been abandoned for many years. The interest rate is 12%