How Do You Profit From Tax Liens?
While the process differs between countys, what generally happens, when the lien matures is that the government seizes the property and then tries to make the tax money back by selling it to the public. People are allowed to invest on this liened property before it has been seized; so it is possible for an investment to dissolve, but this happens less than 5% of the time. Once the government has placed a tax lien and opened the bidding, you’re free to pick and choose your investments. It is your goal to find liened property that is worth more than the taxes owed on it. If you can acquire a house by paying say 30,000 in back taxes and the house is actually worth 100,000 then you’ve just made 70,000 with that 30,000. Generally speaking, hundreds, even thousands of liened properties will exist in every state. You can learn about local back tax sales by contacting the Treasurer’s Office in the county you’d like property in. From here, it is a matter of acquiring a list of items and determi
