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1st & 3rd Investments
1ST & 3RD INVESTMENTS LLC is a state-registered investment adviser. The firm manages approximately $2 million in assets. It has 2 employees and 1 investment...
Overview
1ST & 3RD INVESTMENTS LLC is a state-registered investment adviser. The firm manages approximately $2 million in assets. It has 2 employees and 1 investment adviser.
General information
Firm type
RIA
Sector focus
Frequently asked questions
What is 1st & 3rd Investments' primary investment strategy?
The firm acquires real property through tax-lien investing. It purchases tax liens at county auctions; if the property owner redeems the lien, the firm earns statutorily set interest. If the lien is not redeemed, the firm forecloses to take direct ownership of the real estate at a deeply discounted cost basis.
How does the firm generate returns from tax-lien investing?
Returns come from two paths. The first is interest income: when a property owner redeems the lien, the county remits the back taxes plus statutory interest, which varies by state and can reach 36% annually. The second path is acquisition: if the lien is not redeemed, the firm obtains the property for the price of the delinquent taxes plus fees, often well below market value.
Who runs 1st & 3rd Investments?
No public record identifies a named principal, managing member, or investment committee. Public filings for the entity in available jurisdictions list only the registered agent required by state law, not the decision-maker.
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