Tax Liens - Where to start

[Stephanie J. Valme]

Hello,

Ive been doing some research on tax Lein and I want to get started but still want to get as much information as possible. What are your thoughts on it? Pros? Cons? 

Also where can I find an online auction for these. I keep looking but I can't seem to find one or one that is legit at lease. Any suggestions?

Thanks

[Joe Donohue]

First pick a state.  I suggest focusing on counties near you.
Attend as many auctions in person as you can.

When you want to branch out into other states, learn the tax sale procedures first for that state.  Pick your counties.  Go online or call the counties you are interested in.  Get current and past lists.

Review past sales:  How many were in the advertising list vs. how many actually sold at sale?  What prices did they sell at vs. market prices?  Also, research WHO is buying.  I analyze bidder lists all the time.  Patterns emerge.  When I walk into an auction I know what/who I am up against, even if I've never been to that state/county before.  There is nothing wrong with getting to know your competitors: what they bid on, why, and where.   Usually, its all online.  Follow those who are successful.   Go back a couple years if you can, because so many players in this game are only "One-Year Wonders".

Online Sales:  Most of FL (RealForeclose) are online, but I recommend going to the ones you can in person.  A lot of competition on most online sites.
Google search: STATE COUNTY TAX SALE AUCTION YEAR  go to county website to find a link.

Good luck!!!

Joe