Tax Lien Foreclosure - Vacant Land
Investment Info:
Other other investment in Woodbridge.
Purchase price: $12,196
Cash invested: $12,196
Vacant land that I foreclosed on from a tax lien certificate I purchased on June 23, 2014. Currently for sale for $75,000.
What made you interested in investing in this type of deal?
I purchased a tax lien certificate at an in-person auction. It is vacant land in a heavily populated area off a main roadway.
How did you find this deal and how did you negotiate it?
I found it via a tax sale publication.
How did you finance this deal?
I used my own cash.
How did you add value to the deal?
There was no value add. The land is worth about $75,000 and is currently for sale.
What was the outcome?
The land is still for sale.
Lessons learned? Challenges?
None-yet
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Lee Tamburello - Keller Williams - 732-770-9184