i would like learn how to buy tax liens?

Answer 1

Aida is correct. But, before you even get to that point that you are looking at properties, get yourself VERY familiar with how your particular jurisdiction (wherever you are doing it, in or out of your own area) works. Most jurisdictions are very different in how they operate the sales & the rules can slaughter you if you dont know what they are. You will need to get a good lawyer that SPECIALIZES IN THIS! Dont just get an attorney, get one that KNOWS about THIS.

Know what you are getting into it for. Is it investment only from the interest income? or you want to buy for yourself? You must know these things. Dont do this jsut because you saw an infomercial. Yes they can work, but each area is different.

Answer 2

Please understand two different things - a tax lien and a tax deed. A tax lien are bonds filed on late taxes, so you are investing in debt hoping the property owner pays it back. When the owner pays it back, you get the interest rate plus penalties (interest range from 5% to 25% depending on state). If the owner doesn't pay, in some states you can redeem and own the property in 2-3 years.

A tax deed is a property that's foreclosed by the govt because they didn't pay taxes. When you buy one, you own it in most states.

I suggest you invest in a book on how to do this type of investment so you know what you're doing. A suggestion can be found below. I invest in tax liens and tax deeds too and found this book to be a great guide. I think Amazon has the cheapest, just type in the ISBN number in the search field.

Answer 3

You can search through public records for your particular county's tax department to see which properties are delinquent. You can call them as well with the property information to verify. Once you have this information, you can go to the courthouse where you find a list of tax properties that are going up for auction with dates and times. Once there, you will need a cashier's check for the amount. Good Luck!