There are a lot of different ways to profit from tax delinquent properties. Although I’ve tried my hand at a few of these methods, I prefer to make money from tax liens.
Why I like tax lien investing…
I like tax lien investing best because I don’t have to do any negotiation with property owners, and I don’t have to deal with tenants, toilets, and termites, and I don’t need much money to start out with. There are different strategies for buying tax liens, but not all of them lead to profitable deals.
Here are the 3 ways that I’ve made money from investing in tax liens.
1. Buying tax liens at the auction – live or online
2. Buying tax liens from another investor (secondary market liens)
3. Investing in a tax lien fund
For this article I’ll focus on the number 1 way that I’ve made money with tax liens and that is buying tax liens at the auction – whether it’s live or online. I want to talk about this first because this is the very first method I used and I did this exclusively for the first few years. It was my experience of buying liens at the tax sale that gave me the knowledge I needed to successfully use the other 2 strategies.
And yes, when I started back in 2002, I did make some mistakes. You know what, that is how I learned how to do it correctly. I learned by my own mistakes and mistakes that I saw other investors make. I put together a step-by-step system that I followed in order to avoid those mistakes and profit every time I bought a tax lien certificate at the tax sale. I started teaching this system to my students, and eventually I even wrote a book about it that became an Amazon best seller.
If you’ve bought tax liens and you haven’t made any profit, or worse, you’ve actually lost money on your investment, Or if you haven’t invested in tax lien certificates yet because
you’re not sure how to get started, then today I have something to help you. Something to help you make sure that you only invest in profitable tax liens whenever you go to a tax sale, whether it’s a live sale or an online auction.
It’s my Tax Lien Investing For Profit Checklist and you can download it free HERE!