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All Forum Posts by: Tyler Lalagos

Tyler Lalagos has started 1 posts and replied 3 times.

Originally posted by @John Underwood:

I agree with Will.

There are some books that give you general information. Search Amazon and look for ones with good reviews. I found these to be just high level information and not specific to my area.

Go to a local auction to get a feel for the flow. Talk to people after the auction that bought properties, offer to take them to lunch to pick their brain.

How to do the research and narrowing down your best properties is the key to success in this business. 

Great, thanks for the feedback!
Originally posted by @Will Sifert:

 Research and education - search here through old posts, ask questions etc. Each state has their own set of statutes (laws) that set forth the rules you need to follow. Make sure you understand exactly what a tax lien is and how it work, redemption period, etc etc.  Consult with a local attorney who has experience with tax sales. For a couple hundred you should be able to get a consultation and have them go over the basic laws in your area and answer any legal questions you have. Trying to find a mentor.

Ideally, you would want to be located close to where you would be buying the tax liens. What state do you live in, is it a tax lien or tax deed state?

This should probably be the first question you need to ask yourself -> Decide what your investment strategy will be, are you trying to make money from the interest or do you want to try to acquire property?   

Thanks for the feedback. I live in Illinois and I'm looking to acquire a property.

I'm new to real estate investing and I'm interested in purchasing tax liens. What's the best way to get started?