OfflineTax liens are a great way for an investor with little money to get in to the real estate market. I often encourage a new student to buy a few liens so that they can start putting dollars to work quickly. The returns are very good, usually between 12% to 18%, and the redemption periods are often two years or less.
Where do I start? First of all, you need to find out if the state you are interested in sells tax liens. Some states only sell deeds. (That discussion is for another day.) You then contact the county that you are interested in buing a lien. The office you want to contact is often called the Tax Collector. Find out where a list can be found in order to look at available liens. You will usually make your purchase through this office.
This is only a thumbnail on how to start. You can call in to the advisory line and get more help on what to do.
Good luck in whatever venue you chose to invest.
Roy Voeks
Official RE Coach
Roy,
Little different subject, but I will ask any way.
What happends to a property that was for sale at a Judicial Tax Sale and did not sell?
Is something that we can still get from the owner?
I am in Pa.
Thanks Jay C
Jay C
You cant but it from the owner but you can buy it from the county now. It will now be put on their repository sale list. These are the left overs and you can have the property if you just pay off the taxes now.
hope that helps.