“You can’t go wrong with a few thousand dollars like that. “
Oh, yes you can.
If it were that easy, there would be 300,000 people at each tax lien sale, or forclosure sale, including me.
The only safe way to do that is buy a tax lien, and wait to be bought out by the sucker who inadvertently got his house sucked out from underneath him. It takes as long as 2 years, before you can’t be paid off.
There are 3 and 4 bedroom homes for sale in Detroit for 6-12,000. Why do you think nobody wants them?
The only safe way to do that is buy a tax lien, and wait to be bought out by the sucker who inadvertently got his house sucked out from underneath him. It takes as long as 2 years, before you can’t be paid off.
You weren't reading my comments up above, then ... because that's exactly what this acquaintance of mine was saying.
He got the properties at county tax sales -- and he got the deed within 48 hours and there is no recourse from the previous owner. He said that's the law now here.
He pointed out to me that he had some older "tax sale property" that he bought before the law was changed and he is almost through the redemption period and he'll be able to get the deed for the property. But, the ones he got recently, he says that the owner no longer has any recourse and he gets the deed in 48 hours or less, with absolutely no recourse from the previous owner. He was really emphatic on that point, and he said it was "great" for him. He could just tell them to move in three days or start paying him rent that he set for them.
That was my discussion ... you see ... :-)
Oh... one more thing I should mention, too ... Oklahoma is not Detroit... for sure ... :-)