Tax Lien Investing: How I Got Started

With the state of the economy today a little innovation may go a log way! It could perhaps be wise to take an innovative approach to Real Estate Investing in the form of Foreclosure Property Tax Sales.

Because we intend to purchase more than one investment property, we realize that we’ll have to find another way to buy properties other than getting a conventional mortgage. Then I heard a tele-training with Wendy Patton on lease options and "subject to" deals on REIBlueprints.com.......

Finding a owner who will sell by "subject to" is not as hard as it seems. They are some of the same distressed owners that you will find to be a motivated seller. Most cannot keep making the payments, and welcome the relief. Reasons vary, some need to move, some desire to rent, two homes, divorce, foreclosure, poor health,etc.

Research proves that often the institutional Tax Lien investor can be left holding the deed on an undesirable piece of land, like an easement or a wet land parcel, or even one with a sink hole. This is because they do not focus on what is known as 'due diligence', simply because it is impractical and time consuming to do so. This is the very reason why Tax Deed investing beats Tax Lien investing. With Tax Deed investing owning the deed is the goal!

In this article I’d like to answer some questions that you may have about the excess proceeds strategy that I introduced you to in Part 1.

Buying or selling a home is literally a big deal for most people. A professional real estate attorney can help to make sure that everything goes according to plan.

I did send my husband, Bill to cover the tax sale for me and find out how many properties sold and what they sold for. I wanted to see just what the trend was this year and I wanted to be able to pass that information along to you.

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It is the method of evaluating the plus and minuses of other strategy, theory or model by utilizing its past data.

If you want to get involved in stock options you need to have a number of strategies you can follow to try and make money in this way. Needless to say with this kind of involved strategy you should learn as much as you can before even attempting to make money.

Have you ever heard of defensive stocks? It pays to take more notice of them, especially in times which are hard and normal stocks are tending to fall in value.

That’s why a lot of new tax lien investors are attracted to the idea of buying tax liens online. They want to be able to purchase tax liens from their computer without having to attend a physical tax sale auction.

It just so happens that you really can’t tell how a tax sale is going to be from how it was last year. One year a tax sale will be good for investors and there will be a lot of good liens available and few investors at the sale.

Tax lien investing is really not that complex. You just need to follow these 5 basic steps.

What you may not know about the upset sale is that all properties are sold subject to any liens or judgments. That means that if you purchase a tax deed at this sale, you are responsible for any other unpaid liens or judgments on the property.

You will probably want to start your due diligence for tax deed properties at least 2 weeks before the tax sale. For online tax sales that require you to have money deposited a few days ahead of time, you may want to even start working on these items sooner.

I don’t think that the bidders clearly understood what it is they were bidding on. Perhaps, even though the listing said otherwise, and so did the description, they thought they were actually bidding on the property.

Only a few states have tax lien sales online, but fortunately each state that does have online tax sales conducts their sale at a different time of the year. So you can participate in an online tax lien sale somewhere in the United States in almost any season of the year.

In this article I will give my experience of what it takes to get started as opposed to how much money you need to invest in order to turn buying tax liens into your main income source.