Tax Lien and Mortgage note investing

[Karl Dunlap]

Hello for a beginner investor, which type of investment would you recommend, tax liens or mortgage note investing. Also, I also see a lot of online courses on both topics which are expensive. Could someone share where I should start.

[Nicholas L.]

Neither - these are not beginner strategies

[Chris Seveney]

Quote from @Karl Dunlap:

Hello for a beginner investor, which type of investment would you recommend, tax liens or mortgage note investing. Also, I also see a lot of online courses on both topics which are expensive. Could someone share where I should start.

Tax liens are not as sophisticated as notes but they are not easy either. Also depends how much $ do you have?

What do you consider an expensive course?

Which ones have you been looking at?

did you look on BP for what is recommended? 

You could learn how to do this basically for free on youtube and BP

[Carlos Ptriawan]

Quote from @Karl Dunlap:

Hello for a beginner investor, which type of investment would you recommend, tax liens or mortgage note investing. Also, I also see a lot of online courses on both topics which are expensive. Could someone share where I should start.

 if you think about it, it's different product right,tax liens are basically investing at distressed property/people while mortgage note is basically investing at flips and also rehab property. What's your risk tolerance, I bet tax lien is having way higher risk than mortgage note. At least if I want to outsource the process , I can invest indirectly to mortgage note fund. But for tax lien afaik it has to be done directly.

Also I think tax lien should be done by professional or specialist in real estate due to unknown risk and regulation involved. 

In term of reward, I know the reward of mortgage note, but for tax lien it's kind like semi gambling.

[Karl Dunlap]

Thanks for your response Nicolas. What strategy would you recommend for a beginner?

[Karl Dunlap]

Thanks for your response Nicolas. What strategy would you recommend for a beginner?

[Karl Dunlap]

Hello. Thanks for your insight. I have looked at the USTLA course and Tax lien code.

[Nicholas L.]

@Karl Dunlap

house hack, live-in flip, or standard long term rental with minor cosmetics or value add

[Don Konipol]

Quote from @Karl Dunlap:

Thanks for your response Nicolas. What strategy would you recommend for a beginner?

Totally depends on goals, time commitment, and funds available for investment.  One size DOES NOT fit all. 

[Nicholas L.]

@Don Konipol

can we agree that tax liens and notes are BOTH not beginner strategies though??

[Jay Hinrichs]

Quote from @Nicholas L.:

@Don Konipol

can we agree that tax liens and notes are BOTH not beginner strategies though??

Tax liens I agree on .. but notes through a very experienced vetted Broker who does it for a living is probably one of the safer investments and easiest to do.  AGAIN through an EXPERIENCED Broker and fully vetted not beginners or one of deals or trying to buy notes on your own.

[Kai Kopsch]

Hey there, fellow real estate enthusiast! Those online classes about tax liens and mortgage note investing they're about as useful as a chocolate teapot! You don't need to waste your hard-earned cash on those when you've got BiggerPockets for free. 

Tax liens and mortgage note investing might sound fancy and exciting, but they're not exactly the best choices for a newbie investor like yourself. You're better off starting with something more grounded, like securing funds and getting a few transactions under your belt. Once you've got some experience, you can always dive into those niche strategies later.

[Lauren Sanford]

Given our Decade Plus of Being a note buyer, we would agree with @Kai Kopsch