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OTHER ITA SITES:
Choosing A County To Invest In Tax Lien Certificates Or Tax Deeds
This is a common question that I get. People come to me and say. “Brad, I’m ready to get started investing but there are just so many options for places to invest. How do I choose the best county to start in?”
Maybe you’ve asked yourself or others the same question. To be quite honest, without a way of narrowing down the choices, it can be a daunting task. Luckily, if you’ve done your homework and you’ve learned everything you can about the business through our home study course – you can have success in any county you settle on.
Step #1 – Do you want to invest in tax liens or tax deeds?
By now you should know the difference between tax liens and tax deeds. You may have already made up your mind as to which you prefer. If you like the idea of owning real property and being creative with your sales then tax deeds are probably for you. If you would prefer to sit back and just wait for your guaranteed returns then tax liens are for you. You make the choice. Here is a tool that gives you a quick picture of all the states: http://www.wealthfusion.com/taxlienmap.html
Step #2 – Start with the states closest to you
It’s usually a good idea to start your investing close to home where you are most familiar. Pick 3 states closest to you and research the state rules for the auctions. When I say research, I mean that I want you to become the expert! Find out all the ins and outs of the state regulations and then pick the state that is most appealing to you.
Step #3 – Now call every county!
This is the fun part. You need to call every single county in the state and find out all the details of the auctions, when they hold their auctions, how many properties on the auction, how many people attended the auction etc...
Finally – Plan your trip and go!!
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