My Views
bornjustice8-----------
I think GlennL has given you good advice in point 3. Call the IRS and see what you can work out to pay them off. It will probably cost you less, as you won't have to pay any attorney fees. If they are very unaccomodating, then you might consider getting some attorney or CPA to represent you.
Good for you getting your financial affairs in order. That is actually the first step before becoming a real estate investor, I think.
I also think you should ignore advice number 2 from GlennL. Foreclosure investing is not for beginners, in my opinion. It is far too risky, with too many things that can go wrong. Only go that route after studying up on foreclosure investing in your area for at least six months, I would advise.
Good Investing**************Ron Starr***********
You really should change your name to "Mr. Tax Lien" as I know, that you know what you are talking about this and other Real Estate investing subjects.
Glad to see you here on the board.
John (LV)
No, He should stay as Ronald Star. He is soon to be a legend on Here.
[addsig]
First I believe this is a reply to the post titled "IRS Tax Lien Question" and should have been attached there.
Second, while I agree Tax Liens/Tax Deeds are not for the faint of heart, if you do your research (there is no free lunch), there are opportunites for people to get into RE at lower costs than other options.
The waiting periods vary before you can actually take possession of a property - so patience is required.
I strongly recommend finding a good, knowledgeable, affordable attorney to work with when it comes to acquring the property (not the lien).
I look at it like driving a car, it is unsafe if you are blind, but with care (hopefully!)people do it every day. I do not think this is a scary area, but one to be entered with appropriate caution.
Glenn
[addsig]