Tax Lien Investing in the US as a Foreign Investor

[Izaak Behringer]

Hey BiggerPockets!

This is my first post on here but I have been quietly reading and learning a lot since I joined. Love this community!

I'm a New Zealander living in Norway and have recently been doing research and reading books on Tax Liens. I feel like I have a decent grasp on the subject but I am at a bit of a dead end as to how I can actually begin to invest... 

I have found a couple of online auction sites and have also tried to find info and experiences from other foreign investors but it's very limited.

Would appreciate any thoughts and/or past experiences from anyone :)

[Ned Carey]

@Izaak Behringer  @Morgan Nilsen Tax lien investing sounds great on paper; great returns low risk. However what you hear by those promoting it is not really true. It is very competitive, The competition drives interest rates down to where they do not make sense for most investors and prices get  bid up so your end cost to acquire a house can often be more than it is worth. 

Most importantly you  need to know the specific laws in the area you will be investing. The rules change significantly by state. If you don't know the laws you can really get burned. 

If you do want to go forward then I suggest:

1. You learn the laws where you are going to invest
2. Learn the hidden costs if you have to foreclose
3. Learn the market where you are investing
4. Know exactly what you are buying. It can be easy to buy worthless crap