I need a mentor.... or good advice
I have recently started researching tax-liens and am very excited to start investing. However, I really know nothing of the process and feel I need a mentor to show me the ropes. I would love any advice anyone has to offer. I am located in NC. Thank you.
Hi,
I too am a new investor and have done months of research on the matter. I purchased my tax certificate over the counter and am now in the process of obtaining the deed. I don't believe this option of purchasing over the counter is available in NC. Alabama, Arizona, Colorado, Florida, Kentucky, Maryland, Montana, Michigan, ND, Oklahoma, SC, SD and Wyoming are the only states that I know of that this can be done in. The 2 main benefits of purchasing over the counter is 1-it shortens the "right to redeem" period. 2- there is no competetive bidding. You pay the taxes and that's it. The draw back is the property has been passed over by bidders so more than likely the property is distressed. But for me it works out because the state of purchase is only 3 hours away and also I don't have to wait up to 2 years before I can start the paper work to foreclose. I hope this helped give you another option on purchasing tax certificates. Good luck! e-mail me at will.