All Forum Posts by: Chris Sonnleitner

Now that I have been reading some forum discussions, I guess I have some more questions in relation to this... 

I thought that when I listened to podcasts in the past, I hear that you could end up owning the property by paying the tax liens if the owner never paid them... 

but from what I'm reading it sounds like you would just get the interest what you paid for the lien plus interest when the property was eventually sold. 

is that right?

now I'm questioning where I heard that it was possible to end up owning the property in the end... 

maybe that was a land thing?

again, any help is greatly appreciated.

There is a property that has tax liens on it that I am interested in.
I know the address, how much is owed, etc etc...

Do I have to go to a tax auction in order to pay the past due taxes on it or can I pay them now somehow?

and if I can pay them now somehow...

I remember hearing on one of the BP podcast shows that there is a way to register or verify that you paid the taxes so that you have the first opportunity to pay them when they come due again before they would go to auction... 

can anyone remind me how you do that as well? please and Thank You for any time taken to help me with these questions !

Thanks for all the advice everyone. I appreciate it!

Ah yes, that is important. Thanks for the advice Ned. 

Hi Everyone, 
I'm Chris Sonnleitner, and live in Colorado. I hope to get into the real estate investing market. 
Currently I own and run a tile business that I've had for 7 years. 
I haven't written a plan out yet, but have thought a lot about it. I'm thinking about doing fix and flips to start. But, eventually take money from doing that and invest in some rental properties. I have a goal of having 10 rental properties by the time of retirement. (about 40 years away or more) 

I think starting out I could do a fix and flip because I have a lot of construction experience. I have done and can do roofing, most plumbing, tile, carpet, hardwood, drywall, texturing, painting, gas lines (propane), electrical as far as switching out lights, switches etc. 

What I would not feel comfortable doing and would probably hire out would be difficult plumbing, electrical beyond just switching out fixtures, not sure I could do a furnace but I probably could but I would probably hire that out as well. 

It would be nice to get to a place where I have rentals and don't have to do all of these things myself. 
However, having these skills I think I could do much of the work on a fix and flip myself and I have potential investors who can buy outright a house which I could flip up to certain amounts and share in the profits. 

Some of the things that make me hesitant are that I live in Colorado where things are really expensive and there are many investors already. Finding deals is difficult. I know many agents, and maybe a few of them would help me with finding something with potential. 

I've been thinking about staying out of Denver, and flipping rural. Less Competition, closer to where I live. But possibly more risk. 

I'm currently wondering how investors go about finding ARV values of their potential flips?

I'd appreciate any feedback anyone wants to give me about getting into the game be it flipping or rentals. 

Thank You

Hello everyone, I am new to the forums here. 
My question is what are the different ways to go about finding the ARV's on potential flips?