Rental Property Investor · Fort Worth · Member since 2015 · 3 posts · 0 votes
Hey folks. I am a newbie investor looking to get started in the tax lien/tax deed arena. I have been doing my due diligence in researching before I start, but still need some further edification. I live in Texas and wanted insight on other investors experience here:
-What are some risks I need to be aware of before I start investing?
-Are the tax redemptions still between 6 months to 2 years, and is that 25% interest guaranteed?
-What other sources besides the tax clerk office can I utilize to get info on properties?
-My beginner niche market is Fort Bend (where I raised), Harris (where I currently reside), and Waller (where I attend school) counties? Any one familiar with investing in those areas?
-What other counties/cities have more lucrative deed redemptions besides the ones listed above (for purposes of making more money after I get my feet wet :P)?
Thanks and I look forward to and appreciate the feedback!!
Congrats on looking into this area. It can be an important part of your REI arsenal.
You mention "redemption" several times in your question. Redemptions do play a major role in the strategy for Lien states. However, Texas is a Deed state. Only something like 10% of the properties sold at Texas tax sales are redeemed. While this can bring a nice bump when it happens, it should not be the primary reason you want to invest in these properties.