Insuring Tax Deeds
I have just bought my first property at a tax deed auction and am waiting for the Title to be processed. I am planning on selling the house within three months, is there point to getting the property/title insured? Also, is it wise to try to market the house before having received the deed? What if the house is still occupied by the previous owners?
Yes, the web sites make everything seem like a rose garden. Ignore them. I would advise against it for you. Your money could be tied up for a couple of years. At the bank, you can get the money in an emergency. But not with tax liens. They are good investments but too unpredictible for you in my opinion. Look into large company, high yielding dividend stocks.
kpyne213 is right on this. I would suggest a good utility company. Southern Company has several preferred stocks (you can purchase them through any online broker--I personally use ScotTrade) and their common stock is doing well. (It serves the SE US, primarily the Atlanta area which is growing)
Quiadm and Readyreal
I am also a newbie in NY. I purcahse Loftis book for $20. I started to read it but have not finished. I wish you luck in your new endeavor.
does anyone know how we find out to buy tax liens?
when they are up for auction in each city?
and where do we go about finding info on our particular city.
I am in chicago, and NJ
does any one know when I can participate in this and how I would find out more info on where the auctions are held?