What’s holding you back from building your profitable portfolio of tax lien certificates or tax deeds? Could it be any of the following reasons?
- I don’t know how to start
- I’m afraid that I’ll loose my money
- I don’t know if I have enough money
- I don’t know enough
- I don’t know about the risks
I had these same concerns when I got started, but being the risk taker that I am, I just jumped right in and learned as I invested. Did I loose any money and make some bad decisions at first? Yes I did, but because I invested very little money to start, my learning curve was minimal and I made up any money that I lost very quickly.
A few years ago, when I got started, there was not much out there, either online or in print, to help me. You have the benefit of learning from my mistakes. Since I began investing in tax lien certificates there have been a handful of books published on the subject. When I started there was only one book in print, which was about 20 years old. There have also been a bunch of e-books published about investing in tax liens and tax deeds, including my own, and numerous courses and online products.
You don’t have to know everything about there is to know about tax lien investing to begin building your own profitable tax lien portfolio. You just need to know how to begin. Find out about tax sales in your county or municipality and go to a sale and see what it’s like. Talk to the tax collector, or whoever is responsible for conducting the tax sale in your area to find out more about how to register for the sale and what the procedures and requirements are for bidding. If you need help determining whom you need to contact, you can consult my State Guide.
If you wait until you know everything there is to know about investing in tax lien certificates or tax deeds, you’ll never get started. You’ll miss out on the profits that you could have made if had started right now. So what are you waiting for? Nothing will happen until you take action. So here are some action steps that you can take right now:
- Find out who conducts tax sales in your area and contact them
- Get a list of properties that are in the next tax sale
- Do due diligence on the properties in the tax sale
- Go to the sale and see what happens, write down what each of the properties on the sale goes for
If you take the action steps above, then you will know just how profitable tax lien or tax deed investing will be for you, and how much money you’ll need to get started. If you’re not sure how to do due diligence on tax sale properties, you have many options of finding that out. I have many articles about how to do due diligence for tax sale properties on my blog at and on my web site. If you want step-by-step information I have a $7.00 Special Report on the 7 Steps to Building Your Profitable Tax Lien Portfolio that is available at http://yourprofitabletaxlienportfolio.com.