Tax Liens - invest for rate of return only?

Question

What if you buy a tax lien and the owner does not redeem it. Also lets say that you don't want the property, you just want a return on your money and maintain no liability with that investment. Is that possible?

Answer 1

You can invest in tax liens for returns only. You would hunt down mortgages or homesteads -- everyone pays off mortgaged properties. Because the property owner is not the only owner, the lender is too. The lender won't give up a $100,000 property for a $1,000 tax lien. They'll pay it off.

Like I said earlier in the past, getting answers on here is okay but you need to read about tax liens comprehensively. Please seek the book below.

Answer 2

If the owner doesn't redeem the property, you own it.
Hopefully you have paid such a low amount, that selling the property gives you a good profit.
But if you bought the right at auction. you might not get a profit.