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re: Lawyers of the OT - explain this tax lien auction to me like I’m 5
Posted on 3/15/26 at 12:43 am to Ramblin Wreck
Posted on 3/15/26 at 12:43 am to Ramblin Wreck
If you are closing deals on these kinds of foreclosure properties I would think you should know the answer by now.
If not I’d start way smaller.
If not I’d start way smaller.
This post was edited on 3/15/26 at 12:44 am
1
Posted on 3/15/26 at 7:14 am to Ramblin Wreck
I knew a guy who went to an auction and bought a lake property and was surprised no one bid against him.
After it was over someone keyed him into the fact by taking it over he assumed a shite load of financial responsibilites with it. He could have lost everything had he not found avenues to be released from some of the liens.
As it was he went from what he thought was a steal to a decent deal but with massive amount of stress.
After it was over someone keyed him into the fact by taking it over he assumed a shite load of financial responsibilites with it. He could have lost everything had he not found avenues to be released from some of the liens.
As it was he went from what he thought was a steal to a decent deal but with massive amount of stress.
Posted on 3/15/26 at 7:46 am to Ramblin Wreck
Looks like a nice crib for my Consigliere.
Posted on 3/15/26 at 8:04 am to Morpheus
Okay, okay, okay, okay, this is the best part okay? You make a tax deduction on interest payments you don't even make! Am I an innovator? Am I a genius?
- Leo Getz
- Leo Getz
Posted on 3/15/26 at 8:55 am to Ramblin Wreck
quote:
Different county, but 64 wooded acres adjacent to my property sold at a tax auction for $3,000 without my knowledge about 7 years ago. Oddly enough a bank owned the property and never paid the taxes and lost i
That's seems shady at best or disingenuous to the tax payers of the county at the least. Like that property at the corner of Bluebonnet and Perkins that sold for like $20k because one guy showed up. It was a six figure commercial property. I don't know if they let it stand but there are offices on it now.
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