How can I invest in real estate tax liens?
Posted on February 21st, 2010 in Investing | 3 Comments »
andersonorganization asked:
I've heard tax liens can yield 16% py? Does anyone know how to get started in this investment vehicle? Do I have to go down to my city hall and find real estate records? Is this something only an accredited investor can invest in? Any information would be helpful.
Atlantic City Homes
I've heard tax liens can yield 16% py? Does anyone know how to get started in this investment vehicle? Do I have to go down to my city hall and find real estate records? Is this something only an accredited investor can invest in? Any information would be helpful.
Atlantic City Homes
3 Responses
Bozeman Real Estate Listings
Call the county (or State) tax department and ask if they auction tax liens…..some do and some don’t. Some auction the property for complete ownership to pay the tax lien, some don’t….depends on the county/state
Mike
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Thermage Skin Tightening
Tax liens are usually auctioned off once a year by the county property tax collector. The auction is usually open to the public. Contact the tax collector in your county for the date of the auction and the procedure for participating.
Gps Systems
Calling your local county assessor/tax collector/appraiser is your best bet. But you need to know what to look for, what type of properties to bid on, and what type of risks you’re facing. Some states have 18%, some are 15%, some are penalty states like Texas which is 25%.
I suggest buying the book source below to introduce you to this field of investing.