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Updated about 12 years ago on . Most recent reply
Getting started with tax liens?
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.
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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.