Newbie Tax Lien question!

[Craig Garrow]

Hey, guys! I've got a little capital that I want to invest, and have read a lot about investing in tax lien certificates. What's the absolute best way for a total newbie to get started? Thanks!!

[Boyd McClean]

Rick made some good points.

Know your county and State laws as pertaining to tax lien certificates.

There is a difference between tax liens and tax lien certificate. Each

State is different. 

Go to counties that are not heavly populated as the competition is less.

Know what the right of redemption period is.

Do you have to pay cash the day of the auction?

Whatever properties you are going to bid on visit them first. I made a list and

visited 20 properties, one was a burnout an another was condemned by the county.

Call the day before the sale to whoever is conducting the sale to make sure the properties you are going to bid on have not been redeemed by the owner at the last minute.

Some counties will list properties for sale and pull them at the last minute because the owner is a Senior citizen and got last minute reprive.