Which is the more profitable investment – Tax Lien Certificates or Tax Deeds? Find out as The Tax Lien Lady reveals which is best in different areas of the country.
Find out how you can started in tax lien or tax deed investing with the new Tax Lien Investing Basics System. Tax Lien Investing Basics will help you build the foundation for your own profitable portfolio of tax lien certificates or tax deeds. Find out more about Tax Lien Investing Basics at www.TaxLienInvestingBasics.com.
Tax Liens Vs. Tax Deeds: Which is the Best Investment?
By Joanne Muse, The Tax Lien Lady
Frequently I’m asked the question what is more profitable, investing in tax lien certificates or tax deeds. Whether tax lien investing or tax deed investing is better for you depends on the state that you live in and what your goals are. If you are looking to pick up property under market value than you are better off with tax deeds than with tax liens. If you do your homework and purchase tax liens on good properties, the chances of foreclosure are slim. And in some states, even if the lien is not redeemed, you may not be able to get the property.
In the State of Florida for example, if your lien does not redeem during the redemption period, the property goes into a tax deed sale in order to satisfy your lien. If you did your due diligence and purchased a lien on a decent property, in order to get the property, you will have to bid against other investors at the deed sale. So if you want to invest in Florida, and you are interested in obtaining property, then deed investing is the way to go, not lien investing. If, however, you are not interested in owning property, but just want to get a higher return on your money than you could in the bank, then tax liens are the way to go. In Florida, as long as you do your due diligence, you won?t have to worry about the possibility of owning the property.