Basically, when a property owner doesn’t pay their property taxes, the local government can sell a tax lien on the property. You pay off their tax debt, and they owe you the money back, often with interest. If they don’t pay, you could even end up with the property-but that’s the risky part.
Right, it sounds like there are a lot of moving parts. It could be a decent way to make returns, but I’d be nervous about jumping in without knowing the ins and outs. You really want to understand what you’re getting into before putting down any money
Exactly. Tax lien investing can be profitable, but it’s not as straightforward as other investments. This is one of those cases where talking to a financial planner would make a lot of sense
I know Joseph Nick Cahill offers free consultations, and he’s really good at explaining these kinds of investment strategies without overcomplicating things
Oh, Joseph Nick Cahill? I’ve heard of him. he’s a Certified Financial Planner, right? A free consultation could be helpful, especially for something like this, where you don’t want to make a rookie mistake.
Yeah, that’s him. And he doesn’t just give you generic advice. he’ll go over your risk tolerance, your financial goals, and even how tax lien investing would fit into your overall portfolio. It’s not just about saying yes or no-it’s about understanding if it aligns with your bigger plan
Yeah, it’s definitely an intriguing way to invest. You could either make money from interest when they pay you back or possibly acquire the property. But it’s also easy to get in over your head. You have to know which liens are actually worth buying and avoid those that could end up costing more in repairs or fees
That’s the tricky part-knowing what’s worth it and what’s a risk. Tax lien investing can have a lot of potential, but it’s definitely not a simple ‘buy and wait’ like other investments. I’d probably feel better having a professional look over my plans, just to be sure I’m on the right track
Totally. That’s where having a Certified Financial Planner like Nora Jean Erickson could be helpful. I know she offers free consultations and can help guide you through unique investments like tax liens. Plus, she can help you balance it within your overall portfolio so you’re not putting too much on the line
If there's a 3 year redemption period, and the home owner doesn't pay year 2 or 3 either, and someone else buys those liens how does property get split at foreclosure? First lien takes it all (and pays off #2 & #3)? A 3 way split? Is there anyway to tell where in this stack I might be? Same if the home owner files for bankruptcy? I assume the tax lien is just in the stack or is lost?
If there's a 3 year redemption period, and the home owner doesn't pay year 2 or 3 either, and someone else buys those liens how does property get split at foreclosure? First lien takes it all (and pays off #2 & #3)? A 3 way split? Is there anyway to tell where in this stack I might be? Same if the home owner files for bankruptcy? I assume the tax lien is just in the stack or is lost?
..... Didn't you say a few months ago that you can buy the house in a certain way where you don't have to pay taxes? What's that called & what do we need to do? Some kind of "Immediate Transfer" to the new owner that's already going to buy that new property from you meaning that the title goes directly from the current owners name to the person you’ll sell the property to (not your name) since you'll only be the inbetween person/3rd party. ¡Thanks for the info Dustin!
....... or do I just do the Deed name transfer from the current owners to the new owner (a friend) and just collect the money that I want to collect from that like if I did sell the house for doing them that favor?
You keep saying the land out in the middle of now where isn't valuable but i have been following the RV camping scene on RU-vid and they are saying there aren't enough camp sites and have too book sites like a half a year in advance and it's there's not enough of them. Couldn't land be converted into RV sites. Get the land, clear the trees for sites. Sell the chopped trees for firewood or build log cabins and use the rest of the area as camp sites?
I love Washington State, I was basically stuck up there for two months, back a few years ago, It's a long story but I was staying at a lovely little truck stop, called Donnas' in Tulalip, great food and a really good Kombucha selection 😋
Arizona is actually a tax lien state, not a tax deed state. When you buy a tax lien in Arizona, you're buying the right to collect back taxes with interest from the property owner. If they don’t pay within the redemption period (typically 3 years), you can foreclose on the property and potentially take ownership. Tax deeds aren’t part of Arizona’s process-it's all about tax liens.
Visit this link:linktr.ee/dustinhahnrealestateinvesting, enter your email to gain free access to our Mini-Course. Once you receive the 'Training Login Info' email, log in to start. Navigate to the 'ABCs of Tax Lien and Deed Investing Bundle,' click the ‘View Product’ button, download it, and you’re ready to dive in. Enjoy! 👌
In Louisiana, the redemption period for tax liens is typically 3 years, so you can’t speed up the process to acquire the land in just 18 months. During those 3 years, the property owner has the chance to pay off their back taxes plus interest. If they don't, you can proceed with taking ownership after the full redemption period.
Visit this link:linktr.ee/dustinhahnrealestateinvesting, enter your email to gain free access to our Mini-Course. Once you receive the 'Training Login Info' email, log in to start. Navigate to the 'ABCs of Tax Lien and Deed Investing Bundle,' click the ‘View Product’ button, download it, and you’re ready to dive in. Enjoy! 👌
Pennsylvania is a tax deed state, but it also has a right of redemption in certain cases. After a tax deed sale, the property owner has up to nine months to redeem the property by paying the delinquent taxes, plus additional costs like the bid amount and interest. This redemption period is allowed under the Municipal Claims and Tax Liens Act (MCTLA) but applies only under certain conditions, such as when the property is occupied.
@@DustinHahnREI yea I figure that out Dustin I' would have to print the PDF file then and let me ask you a question how much would it cost me so you can teach me the 400 deed strategy?
