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S. Diane Ridgway
  • Real Estate Investor
  • Atlanta & Augusta, GA
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17
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Excess Proceeds from tax liens

S. Diane Ridgway
  • Real Estate Investor
  • Atlanta & Augusta, GA
Posted

I am looking for someone to help me get started with tax lien excess proceeds. I need to be able to ask questions and I'm willing to pay a percentage of the commissions for your efforts. I have searched the internet for information but so far have only been able to find tax lien programs for sale, and I'm not sure if they cover excess proceeds. Please contact me as soon as possible, as I am very interested in getting started.
Thanks !!
S. Diane Ridgway :D

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Don Konipol
#1 Innovative Strategies Contributor
  • Investor
  • The Woodlands TX / Avon, CT
10,532
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6,705
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Don Konipol
#1 Innovative Strategies Contributor
  • Investor
  • The Woodlands TX / Avon, CT
Replied

The amount of money any kind of forced auction, especially a tax sale brings in is very little compared to market value. If you could purchase a property far under market value the worst scenario would be to let it go to tax auction. If the aucton brought in no overage, you would lose your entire investment. A better strategy would be to sell it in a non forced sale situation.

Investing in tax liens in the base case is an exotic type investment. Except for a few large players that scan the arena nationwide, it is a real time consuming experience, as most liens are quite small and due diligence takes alot of time. I can investment my money in private (hard money) loans, get a greater return with much less effort.

  • Don Konipol
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Private Mortgage Financing Partners, LLC

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