TAX LIENS

[Melvin McMillan]

HEY BIGGER POCKET FAMILY!!! I WAS WONDERING, IF STARTING OUT MY REAL ESTATE INVESTING IN TAX LIENS WOULD BE A GOOD IDEAL?? IF SO HOW DO I GO ABOUT IT?

[John Underwood]

DEFINITELY!

Some states are better than others.

I know Texas is a good one. I live in South Carolina. 12% interest rated prorated quarterly for properties that are redeemed. If property is not redeemed county sends you a deed in the mail. I own 14 houses now and all are rented. 4 are owned by my self directed Roth IRA with checkbook control.

I have gotten houses for as little as $1200 that had central HVAC and a tenant that I didn't have to do anything with except start collecting rent.

My house purchases usually pay for themselves in under 2 years.

They deposit the rent in my bank account. No chasing rent. They pay or get evicted -usually. 

If they need something fixed I text a repair person and they go take care of it.

I am now cash flowing more money per month than my day job as an engineer!

It is not a get rich quick avenue, but with proper research and getting a couple of house or more per year at pennies on the dollar will start getting you there after a couple of years of sticking with it.

John Underwood