How to Find Information on Establishing a Strong Tax Lien Investing Portfolio

Everyone may want to learn an additional strategy to create wealth and financial security for their family. One way is tax lien investing. This type of strategy has been around since we've owned property. But how do you do it? To establish a strong tax lien investing portfolio you need the right foundation. Read on to find out exactly what that will involve.

Difficulty: Moderately Challenging

Instructions

Things You'll Need:

• A tax lien investing book
• At least one Seminar to attend
• A mentor to guide you

1. 
    
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   Be aware of the difference between tax liens and tax deeds. Investing in tax liens means you are acquiring a first lien position on a property. You get to own this property only if the owner fails to redeem in time and the bank does not step in to pay all principal, interest and fees. Keep in mind that with tax deed investing you are acquiring the property right then and there.

2. Find a book on tax lien investing. Click the link below to check out a source to learn from.

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   You may also want to check your local paper for seminars like Rich Dad who is currently conducting real estate investing seminars with a free gift. You may find the same with the subject of tax lien investing. This will be well worth your time because you will learn alot in a short time and this will help you to make some concrete decisions on your tax lien investing goals and get a free gift too!

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   Another strategy to consider that would speed up your learning curve, would be to find a mentor who can take you by the hand and show you their step-by-step method to accomplish your goal.

Tips & Warnings

• Determine the maximum amount you are willing to bid on a property before the sale.
• Avoid properties with IRS liens - These are considered special matters and not worth the hassle involved.
• Check to see if all other liens are extinguished after the sale.

[chrisanimelo444]

on 8/4/2009 Great tips! Very informative. :)

[VirtualWorker]

on 1/24/2009 Great advice. I've rated this article a five.

VirtualWorker

[MidniteWriter]

on 6/12/2008 Good article, thanks for the investing info!