Tax Liens Only For Professionals?

ClaudinaM profile photo

Hello all -- I was wondering if any of you more experienced investors would give me some advice on resources for learning more about exactly how the process works, and advice in general (good website, books, etc.) I guess what I am most wondering if a "regular" person like me can get in on something like this and actually make money.

We started looking at property in Nassau County, New York but found out the County is charging $100 per person per day to bid, plus $150 for a list of liens that you can view before the aution. Is attending just to get comfortable with the process a must? What about having the list? We are now thinking of investing in NJ (Bergen) thinking it may be easier/more attainable there to invest...

Any thoughts or advice?

Thanks! cool grin

Comments(2)

  • jeff1200215th September, 2003

    According to an old (1987) book I have New York is a Certificate State. This may have changed, however I don't think so. It also says that the tax collectors office is the place where the sale information should be. If you contact someone at that office, you will most likely find a knowledgeable staff member that will help you understand how the process works in your area.
    If you follow the following link, it will get you a "primer" on Tax Sale Info for Arizona. Granted it deals with Arizona specific issues, however there is some good information in it dealing with research sugestions, and some of the common pitfalls of tax sale investing.
    http://members.cox.net/manoil/objects/atlprmr.PDF
    Good Luck,
    Jeff

  • ClaudinaM15th September, 2003

    Jeff, Thanks! I didn't get to read it yet, but at first glance, it looks like there's a lot of very useful and simple to follow information in there. We'll see if we can make it happen...

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