Investing in Tax Lien Certificates

[lilrhinotx]

Is $1,500 enough to get you started in investing in tax lien certificates?
This area of real estate has always peaked my interest, I just never acted upon it. Therefore, I am looking to get things started ASAP. I was looking to teach myself as much as I can in regards of tax lien certificates. What kind of beginners information I need to know before going on this adventure? What are some of the initial do's and don't that I should know before even going on with the process? Can someone aim me in the direction I need to be. Any and all advise is very much appreciated. Thanks

[ZingerIntl]

Ok only in texas or Florida... Texas pays 50% ROI (thanks to W.) and $1500 is good enough. Try finding someone whose term is coming up. You can get the full ROI with out waiting the whole term. Thats about my extent of Tax liens

[brandon88]

Is $1,500 enough to get you started in investing in tax lien certificates?
This area of real estate has always peaked my interest, I just never acted upon it. Therefore, I am looking to get things started ASAP. I was looking to teach myself as much as I can in regards of tax lien certificates. What kind of beginners information I need to know before going on this adventure? What are some of the initial do's and don't that I should know before even going on with the process? Can someone aim me in the direction I need to be. Any and all advise is very much appreciated. Thanks

Absolutely. I've seen tax certificates as low as $30 in Florida. I am sure states differ, but here you can earn up to 18% on tax certificates. This is much better than letting the money sit in a savings account earning next to nothing. However, keep in mind that you may not see an instant return. Tax certificates normally expire after 7 years if tax deed proceedings haven't been started, however, in this area after 2 years you can start tax deed application where the property would be auctioned off at an auction (usually at the courthouse) if the owner does not remit full payment of all prior deliquent taxes.

Let me know if you have any other questions. I am fairly familiar with the process. Good luck.

[jumbopanda]

It is important that you be there at the auction. You can do it, but you have to be on top of things. $1500 is enough. Get in touch with the city govt.