I think nefarious intent is an appropriate description, your earlier post started out describing a tax lien sale as such :
“The misfortune is that these auctions are rigged in such a way that the property sells for a fraction of it’s true value. That’s the crime.”
Anyhow, I think we should just agree to disagree - I think we have vastly different understandings of the meanings of various words. But that’s OK, we’re all dopers.
Peace and love.
I thought it “no” meant “maybe, buy me another drink, sailor-boy” …
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To the OP … understand that real estate investing is the very definition of liquidity risk … is the price low enough for a decent return considering how long it might take you to re-sell? … and re-selling real estate has a habit of taking a long time …
I really don’t see the problem with The County foreclosing and selling for back taxes … the whole affair is a matter of public record and notice is given months beforehand, and around here they open the house up for inspection weeks before the auction …
If you’ve piles of cash doing nothing better, and the time and willingness to be a professional rental manager … then you have found the way to be the capitalist pig you want to be … it’s GREAT money and the hours are short, but you have to be a cold-hearted bastard, throwing infant children into snow banks kind of jackass … so filthy a job that Mike Rowe never did a segment on Dirtiest Jobs … filthy filthy lecherous scumlord … Scrooge at least gave Bob Cratchet the day off …
Are you really Capitalist Pig enough? …
Dragging tenants into eviction court on Christmas Eve kind of bastard …
Raising rents because you like to gamble at casinos kind of bastard …
If I’m being honest with myself, probably not. I couldn’t even handle telemarketing - the thought that I may have inappropriately interrupted people at dinner time would keep me up at night.
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