how do I buy tax lien certificates?
Jun 04, 2009 in
Questions And Answers
I was thinking about looking into buying real estate tax certificates. Does anyone out there know how this works? I'm pretty sure it isn't as easy as "John Beck" makes it sound. If it was, everyone would be doing it. There has to be some truth to what he advertises though. If there wasn't, he would be sued for false advertising.
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One comment
Cheeky Realtor on June 4, 2009 at 9:02 am
You go to the county courthouse and bid on whichever property you are interested in bidding on, for which the taxes are delinquent.
Texas is a good state to pursue this in, as the state offers a redemption fee to investors of 25% for most properties, when redeemed within 6 months by the delinquent taxpayer, and 50% when redeemed before the end of the 2 year statutory right-of-redemption period.
Consider purchasing a good book, like The Rogue Investor.
Good luck (and be prepared, as a lot of people are doing this).
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