Investor · Atlanta · Member since 2019 · 532 posts · 89 votes
Hi, I see lot of tax lien gurus in social media charging money promising home purchase around 1000-10000 range. I am confused. I never did tax lien purchase in remote states, areas. What are pros and cons. Deed states better compared to tax lien states. My approach is long term buy and hold. What title issue I get if I buy. Gurus charging thousands of dollars for coaching. What kind of shape property interior etc as never saw property to buy. How to know safety? Are bank owned Reia better? Can I buy myself without paying thousands to gurus. I do not know basics so feeling confused. O like to hear horror stories before jumping. Please advise
I think there is some value in learning from the Guru's but it's not mandatory. The value you get is also in the people who met in these classes and it give you a community of sorts. you can go to them with questions and even get a partner or two out of it. Again, you can skip it, but it will be little harder. You can read books and look at podcasts. But more critical point is I think these rules are very county specific and hence you should start from a county or two of your choice. You will need a partner in local real estate attorney or a title company who can tell you the title curing steps. You can use AI, but I wouldn't be fully trusting of AI in these matters.