I cannot believe it’s been 2 years since the first property that I acquired, renovated, and rented.
Before my most recent trip home, I contacted my Property Manager to let her know I wanted to do a walkthrough of the property. Without hesitation, she said okay and noticed the tenant.
I arrived at the property a few minutes earlier to just take in the view of the property.
The tenant greeted me when I walked through the door and I was amazed at the view. It still looked the same with the exception of a few drawings on a door. It looked really good.
As she showed me around and pointed out a few things that I needed to fix, most of which were not emergency fixes; I felt very happy and proud. She also told me that the HUD HCV Program Inspector mouth dropped to the floor when he came inside. He couldn’t believe someone would put all that work into a property in that program.
She said she loved the place and that I did a great job on it. My Property Manager who is also a Real Estate Investor loved the layout of the kitchen so much that she is going to be doing well the same layout on her next project.
I couldn’t take all the credit for the kitchen layout; I only picked out the appliances but that was the ultimate compliment anyone has given me during my real estate journey and she has a lot more properties than I do.
I wrote this point to not only continue to inspire myself, but others as well. Real Estate doesn’t have to be scary or hard when you have a good team.
I refer to mailbox money as money that I receive in the mail from my tax lien investments. It’s a nice surprise to receive money after investing especially if I’ve kinda forgotten about it.
However, due to everything going on today, I’m wondering what’s going on. This time last year, I had received checks for two of the three tax liens I had purchased and I haven’t received any from the ones I purchased last year.
As I listen to the news, podcasts and read FB posts from other real estate investors, I’m wondering if it’s gotten so bad that people cannot afford to pay their property taxes. Will that mean, that tax lien investors will get opportunities to obtain properties at an even lower price than buying them from the MLS or by doing seller financing deals???
I honestly don’t know!
I buy tax liens for the returns they provide because 10 % is far better than the .01% that a bank savings account gives you.
Plus, bidding is not hard once you set your criteria and stick to it. It just takes a little due diligence.