Risks of liens?

[Brandon Schlichter]

Hi there, I'm looking at investing in tax liens in my local area (Ohio).

I'm curious to know the risks associated with liens.

I know *if* you foreclosed on the property, you have the very real chance of getting a property that's almost worthless, thus overpaying.

My area pays 16% per year for liens, so that makes them a pretty decent investment. As a real estate agent ,I could easily analyze the property value as compared to owed taxes to determine whether or not the property would be worth foreclosed, but foreclosure usually isn't the goal of the investment.

I haven't really found any sources of help online that explain the ins and otus. I talked to a individual at the company that holds all the local tax liens and he knew a ton about them, but i don't think I can call him and ask all the time.