Best Site or Coach To Learn

[Charles Sanchis]

I am looking to get involved in tax liens and tax foreclosures. However, there are so many options on where to learn about this space I wanted to ask if you could share the best sites and/or coaches to learn from. 

Many thanks! 

[Ned Carey]

@Charles Sanchis  let me give you a specific risk in my state. In baltimore city water bills are not included in the tax sale however if you forclose on a property you are responsible for paying the water bills in order to record your tax sale deed. 

Now that might not be a big deal in many areas however in Baltimore they do not turn off the water. Water bills can be in the thousands of dollars. We just foreclosed on a property that has a $40,000 (yes that is not a typo), forty thouisand dollars) So we basically have to walk away from the property and we will lose our entire investment as well as additional legal fees to foreclose on the property.  I can guarantee you that no coach or guru will tell you about such a risk but things like this are real and can cause losses. 

I don't say these things to be negative or scare you away but to prepare you and make you understand that it is not near as easy or risk free as those promoting it would make you think. 

@John Underwood and I both dirve by any property we bid on. That rules out, out of state investing. My partner and I look at as many as 7,000 propoerties bedfore the Baltimore tax sale. It is actually driving by a property that kept me from bidding on a property that had been demolished but Google street view showed as a boarded up but sound looking building.