I frequently get asked the question “which are the best states to invest in tax liens.” The problem with this question is that there is no one size fits all answer. The answer depends on your specific situation. It depends on things like:

• Where you live
• How much money you have to invest
• If you want to own property or just get a high return on your money
• Whether you are investing for the short or long term

Why There Is No Easy Answer

First of all 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 a 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 counties 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.

Whether you are investing for the return on your money, or you want to get properties at bargain prices, one way to find the best states to invest in is to look for the tax sales that have the shortest redemption times. Some of these tax sales are tax lien sales and some of them are redeemable deed sales. Some have to be attended live and some are online.

Free Live Master Class

This month I’ll be doing a Free Live Master Class on which tax sales have the shortest redemption periods. I’ll also be showing the tools and resources I use to find out about these sales, and choose the right properties to bid on. This special Free Live Training will take place on April 10, at 8:30 pm Eastern Time.

You can register for the Free Live Master Class HERE

This training is part of our Wealth Building Webinar series. The live training is free for everyone to attend. In order to get the replay, you must be a subscriber to Wealth Building Webinars. As a subscriber you get access to all the recordings our Wealth Building Webinar archive for less than the price of a cup of coffee a day. Find out more at WealthBuildingWebinar.com.