Tax liens and Mortgage liens

[Don Konipol]

I used to think that most investors purchasing mortgage notes were clueless as to the mechanics of how it worked.  I now see that lack of knowledge is nothing compared to the cluelessness of investors who purchase tax liens……

[Jay Hinrichs]

Quote from @Don Konipol:

Quote from @Don Konipol:

I used to think that most investors purchasing mortgage notes were clueless as to the mechanics of how it worked.  I now see that lack of knowledge is nothing compared to the cluelessness of investors who purchase tax liens……

1. About 50% of investors buying a tax certificate think they’re buying the real property
2. About 75% have no idea about redemption period
3. About 85% have no idea about waiting time for filing deed
4. About 90% think tax liens work the same everywhere 

Has anyone heard “investigate, THEN invest? 

when i first thought of doing this was in Hinds county MS.. I had a very successful HML company there funding mid 2000 turnkey guys/gals. I thought since i was there I would go buy some tax certs what can be so tough about those.. I took 30k to the sale and got schooled big time.. the big players are there with their lap tops the sale goes at lightning speed those guys snag most everything I end up spending my 30k.. And not one redeemed I lost interest trying to follow them and just chalked it up... I grew up in Tax SALE in CA with my dad so I thought what could be so tough about this.. Tax SALE and tax certs big diff. Now you get all these gurus trying to sell the sizzle like folks are going to end up with pretty homes for 5k each total BS. TAX CERTS are a bizzness not something you do as a passive investor or someone like me who is busy with their core business.. thankfully it was only 30k