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Page 23

Tax Lien & Tax Deed (5) – Free Money Part 1

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For long time followers, you know that I get 10% return on legal lending, and for new followers who recently joined, you probably don’t know that I constantly look for other niche ways to generate passive income that will beat the 10%.  I don’t know if anyone remembers that I wrote a series about US auctions. So, the previously unfinished series on US auctions are back this week! The reason is that the opportunity window has just appeared between this week and end of the month! So, I want to shout out in advance: If you read this post and... Continue reading

Tax Lien & Tax Deed (4) – Finale

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Continuing from the last post, I began my cross-verification process. I said, “I saw that you guys won a few biddings back there, congratulations!”The other party said, “Thanks, but today’s pretty bad.”As soon as I heard that, I took the opportunity to start complaining as well, and they couldn’t stop talking after that. The complaints just kept coming: “Yeah, before, it was just us few who knew each other, all professionals in this field. At auctions, we used to accommodate each other, and basically, everyone could leave with a full load of good deals and a decent profit margin. But... Continue reading

Tax Lien & Tax Deed (3) – Real Story

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Continuing from the last post, among the thousand-plus assets, vacant land, agricultural land, and non-standard assets hardly attracted any bids. Even if there were bids, they were minimal, ranging from a few hundred to around twenty thousand. In any case, there weren’t many buyers, and it wouldn’t be easy to sell these assets later on, with little prospects. As for residential properties, it was a different story. They were all swarmed by non local buyers, with bidding escalating quickly. They were snatching up properties priced below $100,000 or $150,000. The issue was that even properties of similar type and in the... Continue reading

Tax Lien & Tax Deed (2) – The First Auction

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Continuing from the previous post, my focus is on real estate debt auctions and real estate property auctions. For those unfamiliar with this field, in brief, debt auctions involve purchasing the debt of a property owner who owes taxes. I can attend the auction to buy this debt and earn interest. Depending on what transpires next, the property owner may redeem the debt within a specified period by repaying the principal plus interest, closing out the transaction. Alternatively, if the property owner doesn’t redeem the debt, I have the right to acquire the property at an extremely low price (this... Continue reading

Tax Lien & Tax Deed (1) – Are US Auctions Worth It?

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After many years of managing private equity in the real estate space in Canada, I’ve grown increasingly frustrated and tired of the whole thing. The law is so flop sided and the profit margin was driven so thin, that it was no longer a very attractive asset class anymore. Still, I heard the US was full of deals everywhere so I’ve started paying attention to tax sales in the US as a start to test the market. I have also seen an explosion of auction courses arriving in my inbox, meaning this space must be still very active and profitable... Continue reading

Showing 111–115 of 154 posts

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