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Updated over 8 years ago on . Most recent reply

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12
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4
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Matthew Gould
  • Real Estate Investor
  • Essex County, NJ
4
Votes |
12
Posts

Tax Lien Targeting Gone Wrong

Matthew Gould
  • Real Estate Investor
  • Essex County, NJ
Posted

I targeted several sewer liens in my area of choice thinking I would receive the interest on them quickly. Three months later, a couple of them now have owed taxes (on top of the sewer subs) that, as the lien holder, I have the opportunity to pay at an 18% interest rate but do not have the funds to keep up. 

If you were in my position, what would you do?  

Most Popular Reply

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16,984
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13,328
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Ned Carey
  • Investor
  • Baltimore, MD
13,328
Votes |
16,984
Posts
Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Matthew Gould I think the best way to find private money is to talk about what you do and your successes. Don't ask for the money, Wait for them to ask you. I also talk about the great one that got away because I didn't have enough money. Do that enough times and someone will ask "Well How much money would you need?"

  • Ned Carey
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