Tax Liens good investment or not? Not sure where I should start. Any help would be greatly appreciated 🙏
I've been researching back and forth about Tax Liens. Are they a good investment?
[{"id": "hky5rgi", "text": "IMO they\u2019re better for trying to gain a property than the interest.", "replies": [{"id": "hkyd6tb", "text": "Thank you", "replies": [], "depth": 2}], "depth": 1}, {"id": "hky7sin", "text": "i looked into it a few years back.  from what i could gather, i thought it was more aggravation than it was worth:\n\n\\- if there are multiple of years tax liens sold on the property, the tax liens ahead of you will get paid first and then who knows how long it will be before your lien gets paid off\n\n\\- you could try to take over the property but you need to do a thorough dd to make sure you are not stepping into any issues (i.e. environmental).  once you are the owner of the property, you are now in the chain of title.\n\n\\- you might not be aware of all the liens behind you when you take over the property\n\n\\- in most cases, based on looking at tax liens for sale around me, i thought one had to treat tax liens as distressed loans looking for full payback rather than a way to get access to the property", "replies": [{"id": "hkyd7ny", "text": "Thank you", "replies": [], "depth": 2}], "depth": 1}, {"id": "hkz4d5d", "text": "Hi, in my opinion, Tax Liens and Tax Deeds are the best investments at the time. I fell in love only some years ago and now they have become my first hustle.\r  \n\r  \nThey are not only legal and a good investment, but they are also sure, note that recently they received AAA rating, both are issued to help the County to retrieve money for the daily activities and at the same time give more time to the owner to find the money to pay the delinquent taxes.\r  \n\r  \nTax Deeds are very similar to Tax liens in many respects but differ in the rights they provide the investor. Tax Liens do not imply any type of property ownership rights. Lienholders maintain the right to initiate foreclosure if the terms of the lien are not met, but they do not provide ownership liability or rights until the foreclosure is complete.\r  \n\r  \nTax Deed is another system states use to enforce the collection of property taxes. Investors that purchase Tax Deeds are purchasing parcels of land outright with no redemption period or interest rate paid. Tax deed states have the same objectives as tax lien states. Tax Deed states do not sell liens annually. Instead of selling liens, Tax Deed counties wait for the redemption to pass to foreclose on the property. After foreclosing, the county holds a deed sale where the Tax Deeds are sold.\r  \n\r  \nBecause Tax Deed investing is based on property acquisition, wise investors research the property thoroughly before investing in a deed.\r  \n\r  \nAre Tax Deeds profitable? Well, of course, they are! Of course, you need to do meticulous due diligence, but you can literally buy a property at 20-30 of the market value. My last 2 Tax Deeds in 2020 generated for me an ROI of 160%! ;)\r  \n\r  \nIf you are interested in the first step to start with Tax Liens and Tax Deeds investments download the free guide (a 56 pages PDF) we created at fastlien.co just sign up with a free account.\r  \n\r  \nEnjoy ;)", "replies": [{"id": "hl85723", "text": "Thank you", "replies": [], "depth": 2}], "depth": 1}, {"id": "hkzkiav", "text": "\\*Daily post of a kid trying to cut corners to make it in this industry\\*", "replies": [], "depth": 1}]