I am constantly talking about the benefits of investing in tax lien certificates over the stock market. Some people are ready to jump in and but there money to work for them, but others are not quite sure about it.
Of course if you do take the plunge, you have to know what you’re doing, you don’t want to go into investing in tax lien certificates or tax deeds without getting some education about it first. But you don’t need to spend thousands of dollars for a mentor or coach to show you how to do it. It’s not rocket science, if it was, I for one wouldn’t be doing it. You just need to know some basics and then find out the specific rules for your particular state and county.
In addition to feeling that my money is safer than it would be in the stock market, getting a lot more interest than I can in a money market or CD, and not having to worry about tenants. toilets, or termites, like I do with another one of my real estate investments, this short video shows some of the other reasons why I love investing in tax lien certificates:
By Robert February 25, 2011 - 12:20 pm
I started in tax liens with a windafall specifically because it is not a liquid asset. I know that many people want something liquid such as EE savings bonds or stocks but I forced myself to lock it away so that I wouldn’t be tempted to waste the money.