How important is evaluating tax sale properties before you bid?
Did you know that you can lose money by not doing due diligence for tax liens or tax deeds correctly? Tax lien and tax deed investing, can be very profitable. Tax Lien investing is a way that you can earn interest rates that you can’t get in a bank CD anymore. And it’s more secure than the stock market because it’s not a speculative investment. There is real property backing it up. But did you know that you can lose money on your tax lien or tax deed if…
- You choose the wrong place to invest
- You buy liens or deeds on the wrong properties
- You fail to carry out the state specific responsibilities of the tax lien or tax deed holder after you purchase a tax lien or deed?
There are different reasons that people come to me for mentoring or coaching to invest in tax liens or tax deeds. Some just don’t know how to start and want to learn the ropes and do it correctly. Others want to find the best places to invest and have access to the tools and resources that help them pick the right properties to bid on without putting in a lot of time and effort. And others come to me so that they can avoid costly mistakes. Mistakes like not evaluating the tax sale properties correctly before bidding.
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