New investors want to know which tax sales are better to invest in, the online or live tax sales. The answer to that question depends on which state you are investing in and whether you’re investing in tax liens, tax deeds or redeemable tax deeds. Some investors don’t really have a choice. They might live in a tax deed state and want to invest in tax liens in a state in another part of the country. Or they might live or work outside the U.S. and need to invest online.
Though the online tax sales can be more competitive than the live tax sales, you can be successful at both. The secret is knowing your competition and knowing the right bidding strategy for that tax sale. In the last 2 weeks I participated in 3 tax lien sales 2 were online and one was live. All 3 were in New Jersey. I did not get any liens at one of the online tax sales. But that was a sale that had only 3 liens on the original list, and only 1 lien left in the sale. In the other sale, I was able to get a lien on a vacant residential lot for 7%. At the live tax sale, I was able to get 2 liens. One I paid premium for and the other I got at 18%.
So yes live tax sales are better IF you target the right sales and the right properties. But online tax sales can also be worth your while if you do your homework. At least for tax lien sales!
Want more encouragement and inspiration for your tax lien investing?
Join me the 2nd and 3rd Tuesday each month at 2pm Eastern time, on my Facebook business page for Ask The Tax Lien Lady® Live where I answer your questions about tax lien and tax deed investing live on Facebook at https://facebook.com/TaxLienInvestingTips.
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