Does anyone buy tax liens in DC?

[Jessica Howard]

Has anyone purchased liens in DC? If so, have you every purchased after the July auction at the discount auction? Lastly, I read that 95% of DC liens redeem (seems hard to believe) do you find that to be true?  Thanks.

[Chris Seveney]

@Jessica Howard - Also with many things DC or big city related - to get into the game you have to be well connected. I do not do tax liens but have looked at them in the past and have found that to buy in major areas you have to be a major player to get anything worth value - and typically you have to get very lucky as the funds come in and buy the tax liens for very low returns because their cost of capital is so low.