Tax Liens investing - need a mentor/info

Tax Liens investing - need a mentor/info

Wholesaler · Saint Louis, MO · Member since 2013 · 336 posts · 54 votes

I see tax liens is a good niche to have when looking in my own backyard and other markets. Who is the best person to talk to or book to purchase to find out more information regarding this investment strategy? All suggestions appreciated..

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Ned CareyPro Member
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Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
12y

@William T. I write a lot about tax liens both here and on my own website. Others have praised the book the 16% solution.

Most importantly as @Jeff Kehl said learn your state rules. I see a lot of investors in MD loose money becuase they do not understand the rules. I am able to make money because I do.

I got my start by taking an attorney that does tax lien work out to breakfast. He answered just about all my questions and concerns for the cost of a breakfast. You can find the guys that do tax lien work by looking in the legal paper and see who is publishing the foreclosure notices.

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  • Rental Property Investor · Charlottesville, VA · Member since 2012 · 1k+ posts · 726 votes
    12y

    I read 'profit by investing in real estate tax liens' by Larry loftis when I was learning how to do it.

    http://www.amazon.com/Profit-Investing-Real-Estate-Liens/dp/1427795959/ref=sr_1_2?s=books&ie=UTF8&qid=1383914039&sr=1-2&keywords=tax+lien+investing

    Be careful, there are a lot of hidden pitfalls.

    The rules vary drastically by state so your best bet is to find someone who buys at your local tax sale to learn from.

  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    12y

    @William T. I write a lot about tax liens both here and on my own website. Others have praised the book the 16% solution.

    Most importantly as @Jeff Kehl said learn your state rules. I see a lot of investors in MD loose money becuase they do not understand the rules. I am able to make money because I do.

    I got my start by taking an attorney that does tax lien work out to breakfast. He answered just about all my questions and concerns for the cost of a breakfast. You can find the guys that do tax lien work by looking in the legal paper and see who is publishing the foreclosure notices.

  • Wholesaler · Saint Louis, MO · Member since 2013 · 336 posts · 54 votes
    12y

    @Ned Carey You have a great website, I just arrived to work and it's my Friday. I am going to spend a couple hours reading on your site before buying the book. I really appreciate your help, I am going to use tax liens as a keyword so I can find out more info. I have a couple months before I start doing this because it requires a little bit more capitol.

  • Investor · New York City, NY · Member since 2013 · 263 posts · 141 votes
    12y

    Joanne Musa otherwise known as the "tax lien lady" is good as well. You can find her videos on youtube and speak to her on Linkedin. There are also conferences that are held several times of year as well.

  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    12y

    As Ned says, the two most important resources:

    1) read you actual state laws and procedures, then

    2)) buy an hour's time from a local attorney who deals regularly with tax

    Ones.

    Most books are not helpful because strategies in one state are irrelevant in another, due to different laws, redemption periods, etc.

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