New to Tax Liens... What state and county should I start with?

New to Tax Liens... What state and county should I start with?

Member since 2021 · 23 posts · 2 votes

Hi BiggerPockets.  I would like to start investing in tax liens.  I live in NYC and learned they only sell to institutional investors.  Where is a good place for me to invest?  I've heard NJ can be complicated and very competitive.  I've heard I should pick someplace I can drive to and check out the properties.  I would be happy with having the lien redeemed.  I would also be happy obtaining the property (however, I don't yet actually have a team of contractors just yet as I don't know what area to target).  Any advice on which locations / county to research first?  I am willing to travel out of state but for my first time I think it makes sense to stay close to home (if I can).  

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    5y

    @Nicole H.

    Check out @ned Carey as he has a lot of knowledge on tax liens. I dabbled in them briefly about six years ago before getting into notes as I found there to be a lot of competition and institutional investors who have cheap money are happy with getting 5% ROI's. Not to say deals couldn't be found but i don't believe it's as simple as some people make it out to be and Ned gives he no bs opinion on the pros and cons

    7e investments53 Reviews
  • Member since 2021 · 23 posts · 2 votes
    5y

    @Chris Seveney thank you I'll try to look him up.

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