All Forum Posts by: Derrick Stokes

Derrick here,

I have an investment opportunity I can afford 80% of the cost. I’m wondering if I should simply finance the rest or I have an option with a friend to invest the rest. I’ve herd many stories of people getting screwed over by friends and family. Are there securities I should look into to protect my portion or shall I go it alone. Your experiences are very appreciated.

@Robert Goldman

Makes perfect sense. Reminds me of super fund sites that mostly with commercial property. Have been abandoned. Old gas stations for example have buried underground storage that costs tons of money to remove or replace in order to bring it up to code or make it inhabitable.

@Robert Goldman

I wasn’t aware of those. Thank you for bringing them to my attention. By code enforced liens, that would be like falling behind on H.O.A fees or other assessed fines that the county or state need for public maintenance?

I’ve been learning about tax liens and deed sales in various states. I’m young with good investment opportunity. Besides my other investments. I’m looking to start another income with tax liens and have heard many horror stories but don’t understand as to why. I was always told to be patient and do my homework. But it all seems fairly straight forward. Looking for advice on ways to get started and what to look out for. Thank you for all responses.