If you invest in tax lien certificates, or redeemable tax deeds, there are certain things that you need to do in order to keep your investment profitable. You must keep track of when you bought your tax lien certificate, when subsequent tax payments are due, and when the redemption period ends. You will also need a system for recording liens with the county, sending out 30-day notices at the end of the redemption period, sending out requests to tax collectors for taxes due and tracking the profitability of your liens. By automating your business, you won't miss any deadlines that might reduce your profit on your tax lien portfolio.
Let's start from the beginning. Before you even purchase a tax lien certificate, you need to contact the tax collector and get a list of the sale properties.
Read Joanne's entire article Automating Your Tax Lien Investing Business
Joanne Musa, our official Tax Lien Investing Expert
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