Tax Certs
Property taxes all across the USA are collected at the county level and these taxes are used for a variety of public services. The most well-known of these services are; public schools, law enforcement and road maintenance.
The big question is, "What happens when property taxes are not paid?" How can the county continue to provide these public services without its revenue stream?
The state establishes whether it will be a "deed state" or a "lien state", but it is up to the county to implement the method the way they see fit. Some counties follow the state model, some don't.
In either case, the county government can legally take the property from the home owner and sell it to recover the unpaid property taxes. In "deed" states the county follows a process established by the county legislators and sells the property at auction.
The winning bidder gets the deed to the property. In the "lien" states, the county places a lien on the property then sells the lien to an investor so the county can get their tax revenue. Then after a specific period of time, the lien-holder can foreclose on the lien and take the deed to the property.
In either case, if the property taxes are not paid, the county can take control of the property and recover those unpaid taxes.
Buy, Sell, Trade
We buy tax liens on residential real estate through several marketplaces and collect the interest payments if they are redeemed or eventually get the property if they are not.
Our primary interest is in purchasing existing debt, whether it is a structured note, mortgage note or tax certs attached to real estate. This could be individually, part of a portfolio or large blocks of paper.
Our Strategy
Residential
Equity
Partners, LLC.
or REP is a privately held real estate development company operating in multiple residential real estate market areas in the USA. We buy and sell notes, mortgages, tax deeds, tax liens and other debt instruments on residential real estate within these market areas.
Paper: We buy and sell Notes, including defaulted Notes and similar delinquent debt related to real property. If you would you like to have a conversation with us, check out the contact us page.
Notes and Mortgages
Promissory Notes linked to a Mortgage or Deed of Trust on residential real estate represent one of our preferred investment vehicles. Buying and holding a long-term note can provide steady income with the security of real estate.
Strong notes provide us with long-term, relatively passive income without the difficulties and risk associated with rental property.
Defaulted notes provide us with an opportunity to acquire a residential property without the hassle and competition of the public marketplace known as the Multiple Listing Service.
About
Who we are
Residential Equity Partners, LLC. is a privately held company based in Northern California. Our primary focus is on residential real estate and the debt services related to them. The managing partners come from a background in real estate operations, management and finance each having over 20 years of industry experience.
Mission
Provide investment opportunities for our company, our partners and the economy of the communities we serve.
How we Operate
Here are a few of the core values pervasive in our company and part of everything we do.
Company Culture
- We provide valuable services to the communities we serve and offer them at fair prices.
- Our entire business model is based upon a long-term view, not just the transaction of the moment.
- We are direct owner/manager/service provider so it costs less since there are fewer intermediaries; fewer layers of management and fewer levels of contractors.
- All of our transactions and the people behind them add to our reputation - good or bad! Therefore, every person in every transaction counts, every time!
