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Page 29

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

How You Profit from Beyoncé and Bieber? (11) – Finale

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Continuing from last post, I said, “If I want to give it a try, how do I proceed?” Tim said it’s very simple. Since they don’t have third-party sales, the company itself is the issuer. According to exemptions in securities law, as long as you‘re an accredited investor, you can directly sign a subscription agreement and start receiving dividends monthly.I asked, “What’s the minimum amount?” He said, “It starts at $10,000.”I said, “Okay, I’ll give it a try.” I commited a small amount to start with, transferred the money, and started receiving interest every month. So far, the dividends have been stable at... Continue reading

How You Profit from Beyoncé and Bieber? (10) – Risks?

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Continuing from the last post, when I specifically mentioned the risk of them taking the money and running, and of course other risks, he said the following.He said, “First of all, with over 7,000 songs, the risk is diversified enough, and of course, there will be more songs in the future. It’s common sense that the likelihood of all these songs collapsing together is very small, so diversification is one of the methods to significantly mitigate this risk. Secondly, we’ve been doing this for several years, and our specially designed model doesn’t charge management fees. We are shareholders ourselves, and... Continue reading

Showing 141–145 of 182 posts