Anyone purchasing massive amounts of tax liens certificates ?

[Arthur Neves]

This tax liens cycle, in Florida, I am considering giving bids on 1k+ properties tax liens certificate. Anyone done it here before and have advices to share?

For the past 2 years I purchased some certificates, very low scale, about 1 per county.

From my experience, every 30 bids I get one certificate. However you usually get the certificates worth $600ish. Which 5% on that is nearly nothing.

I figure that for one to make some money you need massive scale purchasing certificates.

Some napkin math: if I aim to make $3k this cycle I need need to buy about 100 of the $600 certificates, which means I need to bid on at least 3000 certificates.

Is this what people do to make money on tax liens? Any advices one can share here?

Thanks

[Wayne Brooks]

@Arthur Neves The tax certificates here have just never made any sense to me. As you know, they get bid down to 0.25%.  Since you get a minimum of 5% over the Life of the Certificate it makes no sense.  With many of these the certificate will expire worthless after 7 years, due to the process to send it to a tax deed auction, where the cost of paying off all the other certificates exceeds the value of the property.