What’s your problem with tax lien investing?
- Is it the competition?
- Is it that you don’t have money enough to invest in deeds?
- Or do you have a nice chunk of money to invest but don’t know how to get it invested quickly in good liens at a decent interest rates?
- Is it that you don’t have the time to do the work?
- Or that you don’t know how to do due diligence for tax sale properties and pick the right properties to invest in?
If you have any of these concerns than investing in a tax lien or tax deed fund may be the answer!
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By yolanda September 6, 2013 - 3:06 pm
Hi Joanne the biggest is I’m having is I live in ny and found out tax liens aren’t for sale to the public in there. Now I don’t know where or who those large companies are to buy liens from if they are selling. I also need help with due dilligence..thank you it is so hard finding the right resources in this area.
By Joanne September 9, 2013 - 1:57 pm
Hi Yolanda, Tax liens in the 5 Boroughs of New York City are only sold to big fund companies. Although they do resell them later, I am really not familiar with that process. I think you’re best bet would be to go to Nassau County and purchase tax liens there. They have a big tax sale every February – usually lasting 3 or 4 days. I have a course that teaches how to do your due diligence, as well as other things that you need to know to be a successful investor. It’s called the Build Your Profitalbe Tax Lien Portfolio home study course. I am in the process of doing a live training to update this course, which I only do every 2 or 3 years. The Live training starts on Wednesday and it’s not too late to register. You can find out more at http://taxlienlady.com/ProfitablePortfolio.html