I frequently get asked the question “which are the best states to invest in tax liens.” The problem with this question is that I can’t answer it with one blanket, one size fits all answer. The answer really depends on your specific situation. It depends on things like:
- Where you live?
- How much money you have to invest?
- Do you want to own property or just collect a return on your money?
- And how soon do you want to collect your profits?
The state that has the highest statutory interest rate or penalty might not be the most profitable after taking into consideration your traveling expenses. If you have to travel across the country to attend the tax sale, it might not be the best state for you to invest in. Some states require you to make a hefty deposit just to bid in the auctions, and other states do not require a deposit at all. In some states the live tax sales are less competitive than the online auctions, and in others the live auctions might be more competitive than the online tax sales. Some states have bidding methods that make it harder for the property owner to redeem the lien. And some states have very long redemption periods. Some areas of the country are more competitive than others. And you guessed it, those are the states and counties that pay the highest returns.
So how can you find which is the best place for you to invest?
I realized that this was a problem for a lot of investors who want to start investing in tax liens. So I created a very basic course for newbie tax lien investors that not only answers this question, but also shows you where to get the tax sale information. I call it Tax Lien Investing Basics, and it’s one of my most popular tax lien investing home study courses.
Because finding the best place to invest in tax liens or tax deeds, really depends on your individual situation and goals, I’ve decided to do a couple of live master classes to augment the Tax Lien Investing Basics training. Everyone who has purchased this course will be invited to these 2 live training classes in April. And anyone who registers for this training, or joins the Tax Lien Profits Accelerator in the next couple of weeks will be invited to attend. When you attend either of these live classes, you’ll be able to ask me your questions live and I can help you find the best place for you to invest in tax liens.
These special Master Training Classes will take place on April 11 and April 25 at 2:00 pm Eastern Time and they will be recorded. Each training is scheduled for 90 minutes. The first training is on April 11 and will cover how to find the best place to invest in tax liens or tax deeds. The second training will be held on April 25 is all about how to get the tax sale information. If you have the Basics course or if you are a member of the Tax Lien Profits Accelerator, keep your eyes open for an email from me with the details to join these classes.
If you don’t have the Tax Lien Investing Basics home study course yet, you can get it at www.TaxLienInvestingBasics.com/mainpage.htm. Another way to get access to these live classes is to become a member of the Tax Lien Profits Accelerator™. Members get access to Tax Lien Investing Basics with their subscription. You can find out more about the other benefits of membership to the Tax Lien Profits Accelerator™ at http://taxlienlady.com/MembershipMain.htm.