Alabama Tax Lien Sale Auction Season
Shelby County, Alabama kicked off the spring tax lien investing season with a bang on March 27, 2017. The big investors bid down redemption income to an average of 6% but that's still a respectable return in today's environment. Best of all, they left plenty of properties for local investors to buy, rehab, rent and/or flip. Expect similar trends throughout Alabama for April and May, ending with Tuscaloosa County on 5/30 and Montgomery County on 6/7. Remember, Alabama tax lien investors are entitled to possession as soon as they receive their certificate, usually 5-10 days after the auction. They can collect rental income and keep the money, even if the taxpayer redeems. And, for property with a residential structure, the value of any repairs by the investor is added to the redemption price tag.
If you have any questions, ask them here, and I'll try to help as many people as I can.
