The first step to building a profitable portfolio of tax liens or tax deeds is to decide on the purpose of your tax lien or tax deed investment portfolio. Why do you want to invest in tax liens or tax deeds in the first place? Your reason for investing will determine what type of investment will be best for you; tax lien certificates, tax deeds, or redeemable tax deeds. It will also be the determining factor in deciding where you will invest and in forming your bidding strategy and how you will profit from your investment later on. Basically everything that you do to develop a profitable portfolio of tax liens or tax deeds will be based on this decision.
Do you want to invest for your retirement? If so, you may want to invest with before tax money in a self-directed IRA.
Read Joanne's entire article Step One to Building Your Profitable Tax Lien Portfolio
Joanne Musa, our official Tax Lien Investing Expert
Great information. I also use options to purchase land. It's more profitable than tax liens.
When you use liens, options, land, and excess proceeds, you speed up the wealth building process.
Keep up the great work.
Posted by: CL Jones | December 20, 2009 at 09:57 PM