Tax Lien Investing....Any Thoughts? (buy property for a $1000)

[Lambo]

So I went to a real estate seminar/sales pitch and they were talking about tax lien investments where you can literally buy houses for like 2-3000 dollars worth like 60K and above...thats a great return..if done correctly

anyone know of this or has experience?

[JLeezer]

This could just be my skepticism speaking, so take this with a grain of salt (biggest grain you can find.) I do believe that what you are looking for is the rare exception and not the common occurrence that might have been portrayed in the seminar. Not trying to discourage you, just trying to ground you in reality. By all means, if you can find those deals, do them if they make sense to you.

[Lambo]

yeah i know the whole reasoning behind tax liens, although a very few do infact foreclose, which leads to a tax deed, there is a current crisis going on now, which could mean making money even in a down market

[Gaulkin]

Its true you can purchase a house for 1k but its very unlikely you'll come across the opportunity.

[Aletheides]

Different states have different laws regarding this. You also have to do some legwork with public records if I remember correctly. It's definitely legit though. I haven't looked into it for a couple years. There's a good book I remember though, it's called the 16% solution.