BiggerPockets

Tax lien certificates are a viable and profitable strategy if you know what you are doing. John Beck is just another Guru pitching a bunch of half-truths and falsehoods to sell a product. If it was that easy, he wouldn't tell a soul, and keep all those "free and clear" homes for himself.
In truth, their is fierce competition to bid on them, particularly in the populated cities. Don't even try to get started on the tax sales in Los Angeles - the big boys will run you out before you know what hit you.
Some states are better than others as well.
Texas is my favorite as the interest paid is 25%. If they pay you off, you just made 25% coc return. Not bad. If they do not, you take the property. If there is enough equity in the home, most cases will have the note paid off, but it is true you can get some properties for pennies on the dollar. YOu can also find a needle in a haystack.

I am going to disagree slightly.

I don't think tax liens are necessarily best left to experts, but you do need to understand what you are getting into.

VAST majority of tax liens do not result in tax deeds. Some do, but to get title free and clear is a little extra work, time and money.

I advise people that tax liens need to be looked at as a savings account that might end up in owning some property at a later time.

That being said, John Beck is basically useless except for piqueing one's interest in tax liens.

Remember that there is a difference between a Tax Lien in Texas & A Tax Lien in Ohio. This is why you should always consult A Real Estate Attorney in the area before purchasing.

I deal with multi million dollar national tax lien portfolios and I have seen many problems occur. This is why I say that you should be an experienced investor when purchasing tax liens.

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Originally posted by Kyle Payne

I also reccomend that you have atleast $100k to invest.

I'll also agree with John Henson. And I don't think that you need $100K. I started by buying a lien for about $3500. After foreclosure and legal fees I was into it for $10K. I sold it as is for $40K.

I wouldn't have$100k to invest in liens today if I hadn't started with that $3.5K

I don't know about John Beck's corse but I do know it is not as easy as they say on TV.

There is a lady named JoAnn Musa that has been sending me a lot of free courses on Tax liens. She seems to have some good information and not just selling sizzle.
Does anyone think that around 50k could yeild a really good return? Obviously if you multiply Kyle's success, I think so.
I know a lot of people using their IRAs to invest in tax liens.

Originally posted by Liz Purcell

In some states I didnt know I had to notify the homeowner that their taxes were sold at an auction and they have a certian time to pay for it because I apply for a deed to their property.

I thought the counties notified them of this. Which states require that you do that? (Providing there isn't a lengthy list of course.)