Best way to invest $1200?
Jun 27, 2009 in
Questions And Answers
I am thinking of investing my 00 IRS refund in property tax lien's. Is that a good idea? Or Is there a better way?
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One comment
Rabbit on June 27, 2009 at 9:23 pm
Some of those things have conflicts. Check the rules in your state because you might be getting some abandoned property that was dumped because of all kinds of things: meth lab was there, so there is toxic chemical presence; a building is (or perhaps should be) condemned and if it becomes yours you will need to clean it up; you could get your hopes up on the property becoming yours and the owner pays up; or (most likely) you go to the auction and found 12 banks have better bids than you, so you wasted your time.
Tax liens are kind of like dabbling in options, what if you wanted to get the building, but couldn't, or what if you really don't want the building but get stuck with it? Put it in a good mutual fund and forget it. See the link below to check out the wide range of simple choices.
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