How Common is it to Acquire Property Through Purchasing Tax Liens?
The answer is, too common – and becoming more common. About 95% of the time, you’ll be paid off on your lien. However, as people’s finances take a further turn for the worse, that number is growing. If you’re looking to acquire tax property to own or rent out, there’s a much better way. If you’re looking to make money from tax sale without owning property, there’s a much better way to do that as well. First, if you’re looking to acquire property through purchasing tax liens, you’re barking up the wrong tree. You can’t inspect the property first. Your lien will probably be bid up too high to make any real money anyway. Plus, you have to pay for it all up front and then hold the lien for up to 5 years and go through a complicated legal process to become the deed holder. The best way to get tax property for cheap is by waiting until the original owner is about to lose the property (after the tax sale) and then approach them at that time. You’ll find the people who still haven’t redeemed a
