Three deal-makers discuss buying property through unpaid tax liens as low as $12 or $16. They warn that deals over $80,000 get complicated, and note the addictive pull of chasing these off-market opportunities repeatedly.
Today in the Deal Room.
This, it means more people that we can do deals with. I don't know about all y'all, but it is addictive doing deals.
And so what we got going on here is that it's saying that there's a, there's a tax history where somebody hasn't paid their taxes of $16 and $20 and $12. Right? That's probably true. This is how you buy property for $12 right there when people don't pay their $12 tax bill. Interesting. So yeah, there's— what was the— what did it say that the value was? Did they give you a value?
Oh yeah, wait a minute, back up here. It is off market.
If she has anything over $80,000 involved in that, sounds like it's going to be a nightmare. Yeah.
