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Updated over 7 years ago on . Most recent reply

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Glen Michael
  • Mobile, AL
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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

It can be, but usually not. Most new buyers of tax liens do not understand the risks and hidden costs. There are some experts here on Alabama tax liens. 

More important that whether your first deal is a tax lien or a foreclosure or a short sale is: "Is it a good deal?"  Any form of investing can be great with the right deal. If you don't know if you are buying a great deal you should probably take more time to educate yourself before jumping in. 

It sounds like you have already purchased your first lien so I hop it goes well for you. If it doesn't go well learn what you can from the experience. You have already done more that many, if not most, that come here to BP. My first two liens were home runs, but that was beginners luck.

  • Ned Carey
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