Is $1,500 enough to get you started in investing in tax lien certificates?
Apr 22, 2009 in
Questions And Answers
This area of real estate has always peaked my interest, I just never acted upon it. Therefore, I am looking to get things started ASAP. I was looking to teach myself as much as I can in regards of tax lien certificates. What kind of beginners information I need to know before going on this adventure? What are some of the initial do's and don't that I should know before even going on with the process? Can someone aim me in the direction I need to be. Any and all advise is very much appreciated. Thanks
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One comment
Ed Atun on April 22, 2009 at 10:49 pm
To bid at the auction, you have to pay 2 years of back taxes. Your $1,500 would be enuf to pay the taxes on 1 small house. When people see this, they decide to bid on cheaper houses so they can have a better chance at getting "something". Don't do it. Raise your hand and get a house you want.
The County Treasurer has a booklet with all the information. It is the easiest auction you will ever attend..
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