Buying Tax Lien Certificates By Mail ?

Comments(4)

• 
  RonaldStarr28th March, 2004

  Author--------
  
  Mope. And recommend against doing so.
  
  I suggest that you need to personally inspect every property securing the tax liens that you buy. If you don't personally look at the property, have somebody you trust do so.
  
  Good Investing***********Ron Starr************

• 
  viking77729th March, 2004

  Hi,
  I'd like to second that question.
  Logically I would agree with the recommendation just posted above but I recently attended a training where a Tax Lien mentor/broker suggested that it wasn't necessary. He implied that you just invest in residential property and make sure that the land value was greater than your invested amount (ie. in case they trash the house or it burns, etc.)
  
  Personally, I would want to see it myself but it sounds like it is being done by many long distance.
  
  Any comments?

• 
  ccardillo31st March, 2004

  Arkansas I belive does mail order tax lein sales. But it is best to have a local realtor in the area check out the areas you ar bidding on before you invest. And make sure it is just spare money you have and can lose without risking your retirement.

• 
  DariusBarazandeh5th April, 2004

  There are very few things that we purchase without viewing them first. Tax liens should be no different.
  
  Remember the prperty is the security for your lien. If the proeprty is worthless then honlding a lien on worthless property is also worthless.
  
  You can have people that you trust view the property for you. This could include: realtors (altough you should use some caution here) and people that you hire and pay a fixed fee to for viewing property. I have found that a small fee of $15 per prpoerty works well. I also make sure that I have 2 or more people in the county view the property. I will not buy unless 2 people send me back pictures of the property and all the loan to value analyisis meets my criteria.
  
  You have to use common sense and a streamlined methodology to invest in tax liens from out of state. It works if you know how to do it. I also suggest sticking to smaller counties where you utilize local resources more effectively.
  [addsig]