Overview of tax lien investing?

[Brett Fitzgerald]

Hi everyone,

I recently listened to podcast #56 (http://biggerpockets.com/show56) and found the idea of tax lien investing very interesting. Is there an overview that goes a little more in depth as to the advantages, risks, and process involved with purchasing tax liens? I'm in west Michigan, and from what I can tell our state only allows the auction of the properties themselves after they are forced into foreclosure from overdue taxes, by the state. Is anyone aware if that is correct? Do only some states allow the auction/sale of tax lien certificates?

Thanks!

Brett

[Hobart King]

Brett,

Welcome! I'm in a similar position to you and I'm planning on going to my first tax lien sale tomorrow in Indiana, which is a great state for investing in Tax Liens. I found the following resources very helpful:

1). This forum 

2). Zero Risk Real Estate by Chip Cummings

3). www.zeroriskrealestate.com/bonus

Free videos for how to do your due diligence

4). www.thetaxlienlady.com (she has a great overview of how every state works)

I'm sure there are some other great resources out there as well! Good luck