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Updated about 9 years ago, 12/16/2015
Illinois tax liens..0-3%?
I'm VERY new to this, so I have to be overlooking something. In Illinois they do a bid down auction on the penalty interest. And after some research, I found the majority of the winning bids on the liens go for between 0-3%! How are people making money with those interest percentages? Seems like a ton of leg work for such a low return. Am I missing something?
Thanks!
Chris