I tried to bid on tax lien certificates in franklin, county, oh but they don’t let a person to buy small number of certificates. They said you have to purchase as a portfolio worth 3-6 millions USD.
Are there any other places that allow us to purchase individual certificates or multiple but not too much? say below $50K?
Hello,
I would like to offer an answer to your question. I do need a little more details if you have not already received the answer you were seeking.
Where is Franklin, County (what state?)…I can point you in the right direction if I know where you are at.
I think that “oh” followed by franklin county is for ohio. I am interested in this answer too.
you are absolutely right!
I didnt even see that, I must have been having a ‘senior moment’ when I was reading it before.
I will answer it shortly, and the other question from earlier as well…I’m just listening in on a conference call for another 3o minutes or so
here’s the deal on Ohio tax sales
Ohio counties require that you purchase in veru high bulk, you gotta have some serious cake to buy a bulk of tax liens.
On the other hand, they also have tax deed sales. So just go to the deed sale…the banks and high rollers are purchasing these big bulks, hoping that no one goes to the deed sale and purchases the property.
The purchases of the liens will still get their investment back plus up to 18%…but you too can profit, you just have to go to the deed sale.