Posted by Ben on April 26, 1999 at 19:55:50:
It is called the tax lien industry. Municipalities and counties all over the country are selling delinquent taxes to private investors who are earning from 16%
to 50% returns.
Ben
Maybe it’s happening, BUT WHAT IF ??? - Posted by Dawoud
Posted by Dawoud on April 26, 1999 at 18:25:32:
I was talking with someone who’s mother is having problems paying her TAX bill. He is going to pay it for her, but I was thinking how many families, are having this same problem. What if someone was to pay it for them and then fiance the payments over a period at whatever interest.
Is there any way for the investor to secure his position ??
Could it work? WHAT IF???
How’s this? - Posted by Sean
Posted by Sean on April 27, 1999 at 22:09:03:
Instead of financing her, why not just offer to purchase the property and let her still live there, rent free, until such time as you make the last payment.
You will pay taxes, insurance and principal. The interest rate will be 0 percent. Structure the deal so that as many payments as they have left is the total payments on your purchase. You’ll have a great yield.
Real Estate Tax or Income Tax? - Posted by Sean
Posted by Sean on April 27, 1999 at 15:15:01:
Is the bill she’s having difficulty paying income tax, real estate tax, or what?