BiggerPockets

PA is primarily tax DEED; some tax liens are sold via sheriff sale. Rules in PA are a bit different than elsewhere (tax liens aren't always the most senior lien in certain cases).

Corey,
Where are you living? Because whichever state you choose you will need to be one the road a lot in that area.

What is your goal - interest or deed?

Of those states I have only been to NJ. NJ has a 18% bid down the interest system. Lien holders can bid down the interest to zero, then a premium is established. Also, there is a 2,4or 6% penalty. If you are going for deed in NJ, there are many legal steps you must go through to get the property. I recommend the book New Jersey Tax Liens by Peregrino (sp?).

NJ has several syndicates that attend auctions with big lists. My understanding is that Xspand dropped out, but other big players are still there. They will try to purchase any homestead property lien. Go to smaller auctions (in smaller counties) and you may get lucky in beating a local.

- $10k is plenty. Most of your small homestead liens will be 1,000-4,000. Vacant land liens will be much less. Remember to have at least 25% of your funds set aside for the various legal fees.

Best of luck and keep us updated on your progress.

~Joe
PTI Serivces, Inc.