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These are the guides that you can follow to be a successful investor in tax liens whether buying online or personally.
You need to select first where you will invest. Make sure the property you are planning to bid on belongs to one of the tax lien states. However, not every state in the United States sells liens online in which you must take note. Also, the sales vary in each state. Furthermore, not all counties on those states conduct online tax sales. You must know though that there are seven states in the United States that has online sales which consists of Maryland, Colorado, Indiana, Nebraska, Arizona, Florida, and Louisiana.
The next thing you need to do is to find out where the tax sale information lists are found for online bids. It is quite easy because information is readily available in the online bidding websites. You can also check it out at the county tax treasurer or collector.
Buying tax lien certificate properties online can be quite difficult when there is no due diligence done properly. The county or tax list provider can give you the list of the properties on sale but this is not enough. A detailed list with complete assessment information on the property can be a big help. You can also ask for assistance from a friend or someone who can take photos of the property you’re interested. Then have them send it over online through email in order for you to see its condition.
Last but not the least, you must register online and weeks ahead of the actual tax sale. The sales require a deposit and keep in mind that some of them have non-refundable registration fees. You’re not bidding on the property but instead on the tax lien investment certificate being auctioned. So, be sure that you check your bids thoroughly before submitting online.
