Learn about 3 common mistakes that new investors make when doing their due diligence on tax lien properties in this short tax lien investing video tip.

How much money do you really need to get started with tax lien investing? This is a question that I get all the time, so I decided to do a quick tip video to give you my answer. Click on the 2 and half minute video below to get my answer and find out if you’re ready to get started with tax lien investing!

Be Prepared To Bid – Did you ever go to a tax sale not fully prepared to bid? Recently I went to a tax sale and was able to purchase a small lien at 7%. I could have purchased one or two more liens if I had been more prepared to bid. I only brought $500 with me, thinking that the sale would be so competitive I wouldn’t get the chance to bid. And that if I did get the opportunity to win more than one lien, I would have time to go to the bank and get the money. I was wrong on both counts.

Although there was competition at this tax sale, it wasn’t as stiff as the tax sales that I had been to previously. Perhaps because this tax sale was at a very out of the way town and there were no large liens for sale, there were less bidders at this sale. Had I brought more money with me and not relied on the tax collector giving investors time to go to the bank afterward I may have been able to get a couple more liens. I used to say that part of the battle is just showing up but now I know that is not entirely the case. It’s not just showing up, but showing up prepared to bid and take advantage of any opportunity that may present itself.

Do you have an experience of going to a tax sale where you wish you were more prepared? If so share it in the comments below.

Here’s a quick 2 minute video tip with a couple of websites for the online tax lien sales.

But what online tax sales are coming up now?

Which ones are worth the time and effort for you to bid at?

For more information about the online tax sales that are coming up now and which ones I think are worth bidding at and which are not (and why) listen to the recording of my last free teleseminar at http://www.audioacrobat.com/play/WzBhwKLK.

Our next free tax lien investing teleseminar is Wednesday November 5 at 8:30pm Eastern Daylight Time. I’ll be talking about the importance of due diligence and what you need to know about tax sale properties before you bid at the tax sale. And I’ll be answering YOUR questions, so register now and let me know your question about doing due diligence for tax sales at https://www1.gotomeeting.com/register/714464632. You can listen to the call through your phone or your computer. Don’t worry if you can’t make the live call, there will be a recording, so register and ask your question anyway. You’ll here the answer on the replay!