School me about REITs & Tax Lien Property

[Franky Juwana]

Hi all, 

I'm browsing my options in real estate investing, I came across REITs and Tax Liens. Does anybody have experience in this type of investments and in terms of REITs, I heard there's almost 40% tax on the dividend? and what other advantages and disadvantages on this? what's the average return on REITs? 

For Tax Liens, how can a small investor like me can purchase in NYC, or any other places? do you have any thoughts on advantages and disadvantages on tax liens?  The ad late night really made this looks so easy, but I believe there are more to it. 

thanks all

[Eddie T.]

@Franky Juwana You cannot purchase Tax Liens in NYC as they are all sold to 1 company. Several cities do this to simplify the process for them. Send me a pm.

[Ned Carey]

There is a lot of discussion here on BP about tax liens. Tax liens are an investment that sounds great and a no lose situation but they are sold at auctions that can be quite competitive. The laws about tax sale vary from state to state. So it is important to know the laws where you invest. 

No that many auctions are online it makes it possible to invest out of state, however you really need to know what you are bidding on and what the true value is.