March 2013 Monthly Archive
March 15, 2013
Investors often avoid tax lien sales because they can be complicated. However, with a little research and detective work this strategy can pay off handsomely. At the very least, it's a good way to generate profits or acquire low-cost investment property.
As with most investments, tax lien sales can be risky. Becoming educated about the process is vital. A good place to start is local real estate investing networking groups. Check organizations like LinkedIn or MeetUp to find meetings in your area.
A simple explanation is tax liens are placed against property owners who fail to pay their taxes. Owners are given a certain amount of time to pay delinquent property tax. If they fail to do so in the allotted timeframe, tax collectors put the lien up for auction.