Asking for help

[Ana Martinez]

I'm new to learning about tax liens and tax deeds. Feel like I have a good understanding of how to do it however have been struggling doing my first purchase. Would anyone be willing to mentor me or guide me through my first one. I'm hoping it's just fear and once I finally get through one I'll feel more comfortable and ready to do others alone. Also I welcome any feedback, tips, suggestions or recommendations anyone has. 

best wishes,

Ana Martinez

[John Underwood]

Quote from @Chad McMahan:

Quote from @Ana Martinez:

I'm new to learning about tax liens and tax deeds. Feel like I have a good understanding of how to do it however have been struggling doing my first purchase. Would anyone be willing to mentor me or guide me through my first one. I'm hoping it's just fear and once I finally get through one I'll feel more comfortable and ready to do others alone. Also I welcome any feedback, tips, suggestions or recommendations anyone has. 

best wishes,

Ana Martinez

Hi Ana.
Of the many savvy and passionate tax lien investors I have known over the last 20 years, only a small percentage of them have eventually made good money. Whereas, a significantly higher percentage of those directly investing in purchasing property have done extremely well.

Tax liens are a tough way to make money, always requiring a lot of time investment- and that's if you approach it effectively.

You can definitely make a go of it- but it's a tough road. It's kind of like trying to make a living buying and selling antiques or bidding on unit inventory at storage auctions. Can be exciting- but usually not with great net returns- compared to other investment avenues.

Whatever you do, I wish you luck. I hope it goes great for you.

 Yes and No. It is tougher than it was 10 years ago. I have quit my day job as an electrical engineer due to all the tax deed houses I have acquired over they last 10 plus years. I have 3 more deeds to houses that will be showing up in my mailbox from last year's auction in a few weeks. I average about 3 new houses per year.