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Updated over 8 years ago on . Most recent reply

User Stats

90
Posts
27
Votes
Miles Presha
  • Investor
  • Los Angeles, CA
27
Votes |
90
Posts

Tax Liens

Miles Presha
  • Investor
  • Los Angeles, CA
Posted

Anyone out there have success in tax lien investing?  Do I really need to wait a year or more to make a return?  I'm looking to invest some money as I'll have a good chunk soon, teetering between tax liens and mobile homes.  Any advice?  My goal is to make some good cash flow so I can use it to invest more.  Any help is appreciated.  Thanks, peeps... 

Most Popular Reply

User Stats

8
Posts
6
Votes
Luis Noronha
  • Investor
  • North Miami Beach, FL
6
Votes |
8
Posts
Luis Noronha
  • Investor
  • North Miami Beach, FL
Replied

 I'm starting to invest in tax liens. But I'm using the system and investing on the property instead of buying the tax lien certificates. I'll explain. You get a list of tax lien properties and call the owners that will have their house auctioned in a few weeks. They won't receive a penny unless they redeem the tax. That's where you come in. You buy his property for the tax lien amount plus some cash to the owner. You redeem the tax lien, and get the property for a fraction of it's price. Than you wholesale or fix and flip.

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