Updated about 13 years ago on . Most recent reply
Sucess Stories ?
What is your best success story from investing in tax liens. I know the process varies from state to state and some people just focus on making money off of the interest. But for those of you who purchase the liens at a tax sale and have later taken ownership of the property after the redemptive period is over, what was your most profitable score ?
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The first two liens I bought "Over the Counter" for face value. I paid $2,500-$3,000 ea for them.
I was able to successful foreclose on both of them. After legal fees and subsequent taxes I was into them for about $10-11K ea. I sold one for $40K and 0ne for $45K
It is kind of like winning big the first time you gamble, now I am addicted to tax liens.
Ned Carey