http://taxlieninvestingnews.com/questions-and-answers/tax-lien-property-auction/ Current news on Tax Lien Investing Sun, 20 May 2012 16:22:49 +0000 http://wordpress.org/?v=2.7.1 hourly 1 http://taxlieninvestingnews.com/questions-and-answers/tax-lien-property-auction/comment-page-1/#comment-199 eeb Sun, 18 Oct 2009 20:41:25 +0000 http://taxlieninvestingnews.com/questions-and-answers/tax-lien-property-auction/#comment-199 First, whatever you are buying make certain you are intimately familiar with how to assess the properties fair market value, its marketability, pre-sales repair and selling costs. Second, some property will have a reserve on it. Regardless of what anyone claims be advised reserves do exist. Third there are "old salts" out there that go to these auctions all the time and know the ins and outs. Get to know the people and go to a few to see how many repeat people show-up. I would recommend several trips for watching before acting with this. Get to know the repeats and what constitutes a good deal. It is possible to make money going to these auctions but you have to know what your doing. First, whatever you are buying make certain you are intimately familiar with how to assess the properties fair market value, its marketability, pre-sales repair and selling costs. Second, some property will have a reserve on it. Regardless of what anyone claims be advised reserves do exist. Third there are "old salts" out there that go to these auctions all the time and know the ins and outs. Get to know the people and go to a few to see how many repeat people show-up. I would recommend several trips for watching before acting with this. Get to know the repeats and what constitutes a good deal. It is possible to make money going to these auctions but you have to know what your doing.

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