Advice for starting out with Tax deed and Leins

[Ronald Stanley]

Hey Family,

I live in Georgia and I am interested in investing in tax deeds and tax liens. My state has a pretty good interest rate of 20% interest on redemption Deeds. The problem is that you have to wait a year before you can bar the right to redeem. I want to invest in states where I can take possession of the property. I am wondering if anyone else ran into the same situation. Did you start investing out of state? Did you get a mentor? I have the basic knowledge but I’m trying to figure out the best way to Get started. Any advice would be greatly appreciated

[Greg H.]

Originally posted by @John Underwood:

Originally posted by @Arnie Abramson:

Come take a look at tax deeds in Texas.  You get immediate possession plus a whole lot more.  I would be happy to answer any questions you may have and by the way, those coaching costs are outrageous.

 Doesn't TX have a short 6 month redemption period?

For non exempt properties the redemption is 180 days but for homestead properties it is 2 years.  Reality is Title companies in most cases will not insure for 2 years