Tax Lien Investing
Hey guys! It's been a long time for me since posting on BP. I'm 19 and like most of my generation, I have a short attention span. But it's good to be back. On to the question:
I'm looking into tax lien investing, and I live in Texas. I'm looking for some downsides to this niche so I fully understand it. It seems like every source I go to says "you can't lose with tax liens!". I know the gist of it: there's a redemption period, in which if the owner repays his taxes, I would get my money + 25%. However, what happens if the owner declares bankruptcy and the IRS decides to take the house? Do I still get my money back? Also, how can I inspect the property before buying a lien? Is there a list of properties I can get?
Also before anyone sends me the link to the BP article on "Investing in Tax Liens in Texas," just know I've read it and that is where my questions come from.
Thank you very much for taking the time of your day to respond to this. I really appreciate it.