All Forum Posts by: Emma Chen

@Karen Margrave

Sorry. My husband and I will not be able to make it this time because we will be out of town for the week.

Thanks a lot for organizing this.

Emma Chen

Planning on going. Thanks !

@Jerry K.

@Jerry K. is right. My winnings for good properties are all 3-4% and 1 vacant land is 8%. I m looking to get short-term returns not to foreclose on any properties.

@Jerry K. I appreciate your advise and comments.

I downloaded 's financial model and decided to build my own customized for Arizona tax liens investment.

Great tips for tax deduction for properties tours. I will figure it out whether/how to get deduction and keep you posted.

Noted on collecting more information on owners.

Thanks,

Emma

Hi all,

As I said in the other post, http://www.biggerpockets.com/forums/70/topics/116927-results-for-first-time-tax-lien-investment-in-az , I won 8 tax liens in Coconino county. I wonder what I should do to follow up on this investment.

I am thinking to:

1. build a spreadsheet to track timelines for each lien; Timelines for subsequent taxes, redemption period and expiration date.

2. create a financial model to track investment return for each lien and/or this investment;

3. tour the properties I won liens on some time this year in order to decide next step for holding/dumping strategy.

Please suggest anything else I need to pay attention to.

Thanks,

Emma

Yes. 6 out of 8 liens I won are from last batch. Good luck with Pinal county!

I agree that we cant rely too much on google maps photos. I am willing to take risks since it's my first trial. In the future, I will consider driving around or hiring someone.

to be honest, I don't know. However, in my opinion, investing in tax liens are different from buying a house. I can get an idea how likely the lien will be redeemed from information I have, even though I can not be sure about how good the house condition is. In the future, I will drive to places I plan to invest in or hire someone to tour properties I picked. you can't get into the house if you buy the tax lien on it no matter what.

Hello all,

I would like to share my experience and results for bidding tax liens auctions in Coconino, AZ. Thanks to @Jerry K. 's help along the process.

1. I register at Realauction.com and get familiar with the bidding system.
2. I made deposit, 10% of my budget on line.
3. Use quick search function on the website to pull out the tax lien list. I set up my criteria before the research. I want to be low risk investment for my first time. So I am targeting at single family properties, condos and small multifamily properties. I did bid on a couple of residential vacant land in Urban area.
4. I use Land use code and lien face value range to filter all properties I like.
5. After putting together a list, I start doing research one by one by using county office website, google maps, Zillow and EPA website.
6. I bid at 5-8% for first three batches but got nothing because winners for properties I bid on are at 2%-4%, some even 1%.
7. I adjusted my bidding rate for later batches.
8. I won 8 bids in total. 7 of them are properties with house on it at low rate. 1 of them is residential vacant land at higher rate.
9. I made payment for all my winning bids on the day of results.
10. waiting for tax lien certificate.....

Hope this is helpful to other newbies. I am looking at Pinal County now.

@Jerry K.

@Steve Babiak Does this mean that we don't need to concern much about IRS Liens? Since federal law will protect real estate taxes liens as long as local law keeps property tax lien prior to other liens.

Thanks,