How To Get Started
Hi Everybody!
I am a new member here and am considering buying tax liens. But before I proceed I need to know if I can purchase my first tax lien for a minimal price without having to hire and pay a broker as well (this can get expensive).
hi'
Now tax liens are different for each state.
what happens is they will put the lien on the property because the owner owes back taxs on it and then you can come in and pay the back tax all by your self you don't need a broker, but her you have to wait for 1 year, that gives the owner time to pay you back plus intrest, if in that years time they don't then you can have the deed but then you have to pay the taxs for that other year.
If you do this you have to put a lien on it yourself.
Now this is what I know on this so far , I have just talked to people at court house.
If you go to your court house or ther web site you can find all thr info on this.
You can make alot of money doing this but you have to wait awhile, like 1to 2 years.
If anyone knows more about this please let me know also.
Hi,
You can buy tax liens without a real estate agent.You can start off by looking at your county web sites where they show the list of tax liens for your county.You need to be present in the auction to bid for the property tax liens or you can have someone to do it on your behalf.You can also purchase online for all those tax liens which are missed out in the initial auction and the county usually post the information about ****Must Reach Senior Investor status before posting URL's***here are two types of auction
A bid-up auction and a bid-down ****Must Reach Senior Investor status before posting URL's*** deals with earning more
interest,less penalities. The other less interest, more penalities.
Like all real estate investment you need to do a lot of due diligience about tax liens before you buy them
If you do proper research,then you can earn good interests like 18-20% depending on the county/state or if its a tax deed sale you get the property deeded to you free and clear...
But in any case read up a lot and attend your county auctions,get a feel for it,do your research and the buy at tax lien auction
Good Luck Investing