Tax Lien

[Eric Sturdivant]

Hello I starting a new passion in life in real estate and I was told that starting tax lien properties is a great way to create cash flow. I wanted to know what would be the first step for going in this direction

[David Jones]

I would get all the infomation from your local county if they offer tax lien sales, or there are 7 states that offer online tax lien sales. They are Arizona, Colorado, Florida, Illinois, Maryland, Nebraska, and New Jersey. They can be found at http://www.realauction.com/county-tax-lien/

Go to the "training site" in the state you want and look through the bidding rules as well as everything under the "training" tab. Make sure you view the "general information" and the "certificate process".

You don't need to know everything there is to know about investing but you do need to know everything about what your investing in.

Things to watch out for:

• Minimum deposites
• Dates for all cut -offs for money and bids
• The starting interest rate on the certificates
• Types of auctions (bid down, premiums, ect)
• Do you have the righ of ownership if when the redemption period is over
• Redemption periods

*note* If you don't know the property you are bidding on, don't bid on it. Do your research.

Good luck,

David