noob attempting tax lien investing in illinois
I'm in Illinois and the annual tax lien sale is coming in the county I live in. I've read Loftis' book and all the forum posts I could find that specifically talked about tax liens (and at least most of your blog posts Jerry K). I am not trying to foreclose on property. I am really only trying to get a better return on my money than my stock portfolio. I plan to invest around 10k for my maiden voyage. I've watched the videos on how to bid. I haven't registered with the county yet but will do that very soon, and they should give me the list of parcels. When I get the list, I plan to try to go through it and decide which parcels I would like to bid on.
So I'd like to ask, what am I overlooking?
What are typical first timer mistakes?
What do I need to know that I don't know? How to ask more specific questions :) ?
Thanks in advance
I don't know why it posted twice.