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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,977
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Quote:
Originally Posted by berettafan
BTW, you don't necessarily get an interest check every month or even every year. you may not get paid until the property is redemed. OR you might not get paid at all if the owner defaults and you end up owning a dog.
bad decision making in that field can leave you cash strapped in a big hurry.
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Thats not a problem here. Do not need steady income from this. I am talking about putting some extra funds that I do not need for the next 5-7 years.
Would only buy the lien's on property that I would not mind having should things default. Still, if you would pay say $5k worth of taxes and end up with $1-200,000 worth of property then it would be difficult to say that you got a dog.
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB
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