Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 12 years ago on . Most recent reply

User Stats

20
Posts
0
Votes
M Ness
  • Fort Lauderdale, FL
0
Votes |
20
Posts

Getting started with tax liens?

M Ness
  • Fort Lauderdale, FL
Posted

I've been trying to buy an investment property to use as a rental property for cashflow income, but unfortunately it doesn't look like I can work any deals out right now. I've got around $20,000 in cash which isn't enough to buy anything here, and I won't qualify for any sort of investment mortgage.

That said, I'm looking into tax liens as a new direction. I've been trying to learn more, but most websites professing to teach it are scam websites trying to sell a program. Can anyone suggest a good resource (or book) for learning the basics?

Would you suggest this as an option for someone in my situation? I am in Florida.

Thanks for the help.

Most Popular Reply

User Stats

16,433
Posts
12,718
Votes
Ned Carey
  • Investor
  • Baltimore, MD
12,718
Votes |
16,433
Posts
Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

M Ness as Jerry K. said there are other ways you can invest $20K. That is plenty to do a wholesale deal or an option. By doing several wholesale flips you can build that nest egg.

There are a number of threads here on Bigger pockets about tax liens and deeds. I also write about tax sales a lot on my website below. Some of the best stuff on my site is in the comments to the posts where I answer specific questions.

You are right, there are a ton of people selling information on tax sales, most of it is crap. It is a popular target for the Gurus though because the appeal of buying properties for "Pennies on the Dollar" sounds great.

  • Ned Carey
  • Loading replies...