Ten Steps to Successfully Investing in Tax Liens

Enjoy Sky High Returns or Real Estate for Pennies on The Dollar With Government Issued, Real Estate Secured Tax Liens.

by Steven E. Waters

Like anything new, investing in tax liens and tax deeds might seem a little foreign at first. In addition, you may have a lot of fears holding you back.

Over the years I've developed a simple step-by-step process of investing in tax lien certificates and tax deeds. In this report I'll briefly discuss each step, giving you a big picture overview of buying tax liens and tax deeds.

Step 1: Review your goals, budget and circumstances.

Before you start a new project or task you need to seriously evaluate your resources to make sure you have what it takes to finish the task. So it is with tax lien and tax deed investing, you need to take personal inventory of the time and money you are willing to devote to this business. Just like the famous fable of the tortoise and the hare, slow and steady wins the race. This is a marathon, not a sprint, don't run faster than you have strength, pace yourself toward your goal. In addition, if you don't take time to identify your goal how will you know when you've reached it?

Step 2: Formulate Your Investment Strategy

Your ultimate success, as a tax lien investor, is a function of setting honest and realistic goals with respect to the time and money you can dedicate to this incredible investment opportunity.

Generally, your strategy will fall into one of two possible strategies:

1. Investing to acquire high interest returns;
2. Investing to acquire properties for a significant discount.

As you become familiar with the investing process and procedures you can progressively move on to more challenging and profitable deals with confidence.

Step 3: Select the  Right State

Where do you begin? With so many states to choose from the task can seem outright daunting. Then you throw the 3000 plus counties into the mix and its downright overwhelming. Don't worry. I've simplified the process to make it "Quick" and "Easy". Plus, you've already taken the time to identify your goals making it a "Snap".

Over the years I've learned that there's a little more to selecting the right state than choosing the one that offers the highest rate of return.

Step 4: Select the Right County

Once you've selected the "Right State", you're ready to select the "Right County/ Counties". At the outset it can seem overwhelming, especially if you've selected a state with a lot of counties. Georgia, for example, has over 159 counties while Texas, has over 254 counties. Don't be discouraged.

Step 5: Request A Current Tax Sale List

By now you should have identified your investment goals and selected the right state and county/counties to commence your investing. You are now ready to obtain a current and correct tax sale list from the county. You can do this by contacting the tax collector of the county you're interested in. Typically, you can dowload the tax sale list from the county website. They may charge a small shipping fee to send it to you. Warning! There are website's that make a killing selling these lists. Don't be fooled into buying something you could get free from the county.

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