Tax Lien Investing Bidding Advices
May 30, 2018
Find Investment Properties with These Ways
June 1, 2018
Over The Counter tax liens or commonly called OTC, are the liens which are not sold at the day of the auction and are taken back by the county. Purchasing an OTC tax lien has its pros and cons that you need to be aware of.
Pros
- OTC liens provide you a guaranteed maximum interest rate.
- You are able to foreclose on the property faster than purchasing liens at the auction.
Cons
- It is time consuming. You need to set time to conduct your own research. You also need to gain a lot of real estate experience by going to the county office, asking around, and attending the auctions.
- You need to inspect the property diligently. OTC liens are quite risky because of the property value. The property could be worthless and that is why you need to be prudent too.
Now that you have an idea of the pros and cons, get the list of the leftover liens from the county and begin your research.
Michael Schuett
Michael Schuett is a Real Estate Investor & Entrepreneur.
He holds monthly seminars in South East Asia and Europe about Real Estate Investments, Tax Deeds Investing, and Flipping in Emerging Markets and continues to build his own strong Real Estate Portfolio in various cities.
His companies are currently holding several properties in Miami, Tampa, Berlin, Hamburg, Bangkok and Kuala Lumpur and have successfully established the first Real Estate Development agency in Thailand.
