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Updated about 1 year ago on . Most recent reply

User Stats

4
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Alex Angus
  • Lender
  • Los Angeles California
8
Votes |
4
Posts

Tax Lien Code group investing

Alex Angus
  • Lender
  • Los Angeles California
Posted

Does anyone have any experience investing with Tax Lien Code?

Also is it possible to have someone go to these auctions on your behalf?

Most Popular Reply

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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
4,381
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5,013
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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Replied

The rules in Texas say you have to buy in person...but rarely is that enforced...two or three counties now trying online....so you can bid yourself...as @ned Carey mentioned...the interest rates can be misleading...I would say 95% don't get redeemed so you interest rate is normally zero and in the meantime you have to pay taxes and insurance...so actually often negative interest for two years in Texas...every state is different.   I don't know this group you mentioned but I would be very careful giving money to third parties to purchase for you.   Very risky in many cases.

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