Short Lived Tax Lien

[Nick Vafa]

Investment Info:

Single-family residence other investment in Westminster.

Purchase price: $4,579
Cash invested: $4,579
Sale price: $4,632

One of the tax liens I purchased at the Carroll County tax sale held in July. It was a very short lived investment, as the delinquent tax payer redeemed the property after the month. Since the yearly interest rate in Carroll County is 14% , I received 1.16% interest on the lien as it was paid back after only one month.

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

I found this tax lien opportunity from the Carroll County tax sale website, which provides listings for all properties included in the yearly tax sale.

What was the outcome?

The outcome of the deal was that I made a 1.16% profit after a month. However I was hoping the tax payer would take longer to redeem on the property so that I would receive more interest pay.

[Ned Carey]

@Nick Vafa it is a start. It would take 10 years to earn that much from your savings account.