New to BP - old to Tax Liens & Deeds from Chicago

[Jerry K.]

Been investing in Tax liens & Deeds since the late 1980's. Just found BP doing a search on Checkbook self-directed IRA & 401k.

I've been concentrating on the newer online Tax Lien certificate auctions. With a couple of spreadsheets, I found I can get the top interest rates. Looking forward to the Arizona Tax Lien certificate auctions coming starting in the next few weeks.

Jerry

[Jerry K.]

Kelvin,
Sorry, I mistyped and said "certificate" for Texas. Texas only has Tax Deed sales. But the owner has a redemption period that can vary. Yes there are 25% returns on the first 6 months if redeemed, but the rules vary a lot.

I'm not an expert on Texas Tax Deeds, but I will admit, that once you know the rules, it is very lucrative. And I'm the first to admit that if the rules are more difficult, it keeps a lot of people OUT of the sales - which of course makes it better for the investors who take the time to understand the process.

I know I can work Arizona and get 16% (or very close to it) each year with not much work - so I concentrate on the easier states with online auctions rather than learn Texas.

Texas will be on my list to learn when I have a little more time in 2013.

Jerry