Results for First Time Tax Lien Investment in AZ

[Emma Chen]

Hello all,

I would like to share my experience and results for bidding tax liens auctions in Coconino, AZ. Thanks to @Jerry K. 's help along the process.

1. I register at Realauction.com and get familiar with the bidding system.
2. I made deposit, 10% of my budget on line.
3. Use quick search function on the website to pull out the tax lien list. I set up my criteria before the research. I want to be low risk investment for my first time. So I am targeting at single family properties, condos and small multifamily properties. I did bid on a couple of residential vacant land in Urban area.
4. I use Land use code and lien face value range to filter all properties I like.
5. After putting together a list, I start doing research one by one by using county office website, google maps, Zillow and EPA website.
6. I bid at 5-8% for first three batches but got nothing because winners for properties I bid on are at 2%-4%, some even 1%.
7. I adjusted my bidding rate for later batches.
8. I won 8 bids in total. 7 of them are properties with house on it at low rate. 1 of them is residential vacant land at higher rate.
9. I made payment for all my winning bids on the day of results.
10. waiting for tax lien certificate.....

Hope this is helpful to other newbies. I am looking at Pinal County now.