Hi Kaz202.
I understamd you are busy studying other ventures...I too can get caught up for weeks at a time...if you do at some point have questions, you can always ask. Didn't intend to imply that you had to respond within a specific time period.
Mr Summit, I try never to disagree with anybody. I do enjoy though comparing different ideas & opinions to help both myself and others. I do have to say though that the Australian made no mention of wanting the property, so telling Kaz202 of the percentage of getting prop. doesn't really answer the question, although it is a valid point.
I do agree with you that it is rare that you will end up with prop through taxsale...one should not expect this. although, Ithink comparing it to being struck by lightning and winning lottery at same time is a little extravagant. Forexample, only 92% of tax liens in South Carolina are redeemed...so if you bought a 100...you would end up with 8 pieces of property...I woulod love to have these odds on lottery...Now, if you go to Florida, the chances are less than 1%...why is this?..because FL is hybrid and sells both liens and deeds...every state is liens, liens & deeds, deeds, or redeemable deeds...the percentage of acquiring properties through certifiicates can range from 40% of the time, to less than 1% of the time depending on the state.
Back to you, Kax202...I was hoping you had read the report so we could discuss it...I was expecting you to ask me about where I said "always go look at the property even on a tax lien certificate!"...I say this because if you do end up with it, the property may be different from what you saw on the county websit or google earth or somethign like that...In my personal opinion, I do not recommend you purchase tax lien certificates from Australia...many people do it, and many people make really high interest rates, but there is no guarantee on the condition of the property unless you see it yourself. I have worked with people who have overlooked this process, and have purchase tax liens...only to be not redeemed, and they own a cool $50,000 required clean up fee from the County because the land is hazardness and roped off with caution tape.
But if you do want to proceed, and you have questions, I would answer them for you.
Good Luck.