Specialist · Phoenix, AZ · Member since 2011 · 698 posts · 629 votes
I had an interesting tax lien play that I started last year. It was a lien on a what was classified as "vacant land". But this vacant land is earning the owner several thousand dollars a year in revenue.
For some reason the land owner had not paid the property taxes for 3 years. No investors bought the liens in the annual auction either. Using software, I was able to see the income generator on the Arizona parcel from my computer in Illinois.
The BP blog post spells out this short case study in tax lien investing strategies, tax lien foreclosures, and ultimately how the worse of two possible outcomes still netted me a return of 17.82% in 14 months.
invest in raw land has so much opportunities if you know what to look for the different components, like soil, vegetation , mineral rights, water source...etc.
In your case is the billboard. I am trying hard to build my knowledge & one day I hope I can get into that in the near future.
Big congrats & Big Hug to you. 16% in AZ. Excellent.