Tax Lien questions along with home investing.

[D Robinson]

Hello, I'm 7 months in far as investing with wholesaling but I have never done a tax lein. Tax leins and deeding are slightly different. My question is, once I purchase a lein home certificate via auction, what is the process if I place a tenant in that home as rental then original owner pays off taxes to get home back in redemption?

[Ned Carey]

@D Robinson welcome to BP.  The rules vary tremendously by state. If you buy a tax lien you do not own the property and can not place a tenant. Only after the foreclosure is complete do you own the property. 

If you buy a tax deed property it depends on the rules of that state. Often there is a waiting period before it is wise to spend any money for repairs or to put a tenant in.