Tax liens

[Lou Gonzales]

I'm starting out buying tax liens looking for returns not properties. Now I'm hearing some people saying tax liens can be a bad investment. I have done extensive research and what I keep find out is if you do your due diligence you can really minimise your risk. Is this true and what thoughts do you guys have. I would like to get as many opinions as I can.

                                                                 Thanks in advance,

                                                                     Lou 

[Karlton Hoskins]

Greg said it best, without the correct due diligence, tax lien investing can be the worst decision an investor can make. The most important decision in tax lien/deed investing is location, location, location. Georgia and Texas are excellent states at 20% and 25%, with redemption periods not exceeding 1 year. More importantly, you bid for a deed, not a lien. These two states are hybrid states in that you obtain the deed at the auction, but the property owner has a redemption period to buy back the deed. This works well with the right investment strategy. I am always willing to work with others, so look me up with any questions. I am currently building a software program that will conduct the due diligence process, set by the users specific criteria, in the end providing only properties that matches the investors goal. This is important when tax sale lists can include over 200 properties.