One of the “Rich Dad” books talked about how the wealthy park their extra cash in tax liens at 16% return, while they wait for the next good deal to show up. I thought, wow, I’d be happy with the 16%But like all things in real estate investing, “You don’t know what you don’t know…”

You heard 4 people talk about the process of buying liens at our February event. (If you missed it, we’ll have a brief recap.) Todd Rodman is a managing partner at Seder and Chandler, with a significant portion of his practice focused on tax lien law. Ann Bellamy is a real estate investor and hard money lender, who became interested in MA tax liens and purchased a small portfolio of Worcester liens with investor partner Kathy Doyle. Mike Cercone orchestrated the process and has been investing in MA liens for over 10 years. Kathy also branched out into Illinois liens, which pay 36%.


You will learn:


  • A brief refresher summary of the legal process in MA
  • How you can foreclose on a house and own it, and then have to give it back to the taxpayer
  • When you can buy title insurance on a tax lien foreclosed property
  • A $200K 3-family that sold for $70K during the redemption period
  • Examples of liens you should not buy
  • Why you can’t buy tax liens in New Hampshire
  • Foreclosing on the bank
  • The pitfalls of using a buying service


And more of the “you can’t make this stuff up” stories from Mike

If you want a refresher on Todd Rodman’s legal process presentation, it’s posted on our Facebook Group “Black Diamond REI Insiders”



February 21


01:00 am

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