First Tax Lien Property Purchase/Sale

[David Flores]

Investment Info:

other investment.

Purchase price: $5,150
Cash invested: $5,150
Sale price: $8,700

I bought a piece of land using a tax lien strategy. The land was valued at about 11k but because of the tax lien strategy I was able to purchase it for around 1k with additional costs coming such as lawyer fees and paying off the liens. I ended up selling the property for 8,700 dollars which helped me cash in about 3k. This was my first real estate sale! Very proud

What made you interested in investing in this type of deal?

I read and learned a lot about tax lien strategies and thought it was very interesting considering I didn't have that much money to spend. Using this strategy I was able to buy a piece of land for almost half the price of its value and sell it off at a higher amount. It is a great way for people with less capitol to get involved with real estate.

How did you find this deal and how did you negotiate it?

I find this deal using Tax Lien Delinquency lists from counties in upstate NY.

How did you finance this deal?

My personal cash

How did you add value to the deal?

No value added and nothing to fix! greatest part about buying land

What was the outcome?

Made a profit of 3.6k

Lessons learned? Challenges?

Get lawyer insurance though my main job. Helps a lot with ROI

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No, i worked completely alone