How does that work? If (as I gather from the 'net) you aren’t buying a house but a lien, what do you actually own?
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Ok, I stayed up late and saw a few minutes of this John Beck character showing flash cards of houses that would cost > 150,000$(CDN) here going “This house was purchased for 849.22, and would easily fetch 25,000 at public sale!!”
Firstly, why is his amazingly-big-profit final figure so low? Location?
Secondly, how does this actually work? This guy is apparently a scam, but the idea it’s based on exists. So… what is a tax lien? Why would the government sell it, and why for so little? If you bought one, what does that really get you? Is it a worthwhile way of buying a house, or are the hassles too great?
About the only thing I know about real estate or financial affairs is that my local bank branch has a bigger place than I’m likely to have for a while.