UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next
Author: LuckyUte Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 52  
Subject: Re: looking for more information Date: 10/19/2004 11:27 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
Hey Dragynox:

I work as an asset manager dealing with delinquent taxes on property and work with tax sale certificates throughout my day.

I agree that the 16% solution by Joel Moskowitz is an excellent primer. However, it was written in 1994 and the industry has changed quite a bit since then.

I work for Banks, Hedge funds, Trusts, and other institutional investors that invest in tax liens. Many of these institutional investors began their investing around that 1994 time period. Because of this institutional money, competition for the bidding is keen. Therefore, yields are down and premiums are up.

I should tell you right up front that tax liens are a risky investment. Here is a thread from the Real Estate Investing board here at the Fool that provides some good basic information.


If you have other more specific questions, ask them, and I will answer to the best of my ability.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.