Tax lines downsides beside bad property / land & overbid choice ?
Hello BP Community, I wanted to ask quick question about tax lines & tax deeds what are downsides beside bad property or land choice or overbidding ?
1. Are income tax or other liens are superior than property tax liens ?
2. If person file bankruptcy what happens with his Tax liens & deeds ?
3. How is profit from tax liens are taxed ?
4. What if profit % I make from tax liens I reinvest back to tax liens do I still need to pay income tax?
5. What other downside of tax liens and tax deeds I should be aware of ?
Thank you for your knowledge and help and will wait for your kind reply,
Ran Fridman