Starting Costs
How much should i be expecting to spend on my first tax lien investment. I'm trying to factor that in for when i for my LLC and then i realized i had no clue how much the liens could be since i don't own a home and have never paid property tax :-? i know the price can vary greatly but how much did you guys spend on some of your first tax lien deals?
RichKid2002------------------------------
Yes, the range can be great. I have seen some for about $7-8 dollars in AZ and as much as $110,000 on a multi-million-dollar mobile home park.
Typically, from what I have seen, vacant land liens will be about $30-$90. Better properties will be more. Homes might be about $500-800 typically.
Find out the tax rate where the properties are located, multiply times the assessed value or taxable value and then add about $10 for fees.
You might also call the tax collector or treasurer office where you are thinking of investing and ask them your question.
Good Investing***********Ron Starr***********
thanks thats what i was thinking i just wasn't sure how vast the range on the liens where. that'll definitely help with the budgeting.