Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Chris Brevik

Chris Brevik has started 0 posts and replied 3 times.

Post: Tax Lien interest (too good to believe?!)

Chris BrevikPosted
  • Centennial, CO
  • Posts 3
  • Votes 4

I would recommend reaching out to the county tax commissioner or treasurer for guidance on the tax sale guidelines as they may vary by county. Typically the opening bid is equal to the amount of taxes due plus costs.

To redeem a property, the owner or interested party must pay the purchaser the amount the purchaser paid at tax sale, plus 20% of that amount. In addition to this amount, the purchaser may also add to the redemption price the dollar amount of any subsequent property taxes the purchaser paid on the property after the tax sale took place.

Best place to start would be to reach out to the county treasurer's office where your tax lien(s) are held for guidance on the deed redemption process as the process could vary by county.

Sometimes within the disclaimers they state, your Certificate of Purchase (CP) does not give you a right to contact the property owner for any reason.

In Maricopa county, when a property owner fails to redeem the CP prior to the expiration of three years from the date the parcel was first offered at sale. At the expiration of the three year period, the investor may file an “Action to Foreclose” in the Superior Court of Maricopa County three years from the date of the sale.apply for a court ordered deed to the property (judicial foreclosure)

It will vary by location. We use Airbnb and VRBO for our STR and found a majority of our bookings coming from Airbnb. When we were in our learning/pre-buying stage, I found an article written by The Evolve Team about which listing site is best for vacation rental owners. I liked the fact that it showed both sides of the transaction from an owner and traveler perspective. Even though it was written/published in 2016 and updated in January 2018 with current data, it was useful to us when starting out from a comparison aspect.

Listing site comparison - https://blog.evolvevacationrental.com/homeaway-vs-vrbo-vs-airbnb-vs-flipkey-vs-tripadvisor-vs-booking/