Have you ever hired an agent to buy tax liens?

[Account Closed]

Is this possible?

I want to buy tax liens in counties that I cannot physically attend the auction. Does anyone have experience hiring an agent to purchase liens on their behalf? What should I search for if looking for company to do this?

[Jerry K.]

Joe A,
To find tax lien funds you can start by doing a search on Google for "tax lien fund". You'll find a wide variety of websites and information.

I acutally stumbled onto several when I looked at the results of the online auctions and saw several winning buyers were the name of "Funds". Then I just Googled them to find out more.

Most funds seem to have limits and many are private placements so you have to be qualified investor to participate. That usually means a minimum newt worth of $1 million without your primary residence factored in, or a yearly income of $200,000.

The funds then have minimum investments of anywhere $5k to $100k.

As for your request for finding an agent - I just found a couple of people on LinkedIn in Tax lien groups there that posted how they will do due diligence for investors on properties in the tax auctions that are near them.

I have no idea what they charge and what they offer as "due diligence" but I thought it was interesting that people are now offering to do that as a service for investors. I've never seen that before.