In recent weeks, the
popular show, The Biggest Loser has been in the news. Issues around whether
contestants, whose goal it is to lose—weight in this case—are losing too much.
If you buy tax lien certificates for the purpose of investing, any amount of loss
is too much.
If you follow specific
guidelines for investing and then adhere to the rules set forth by counties for
each tax sale; i.e. tax defaulted property sale, there is little risk of
losing. The Biggest Losers are those who act out of ignorance and fail to
follow through with research. I’ve met some of them. It’s easy to tell who they
are. They’re the ones who make decisions that bury them or saddle them with
investments they shouldn’t have made.
Most tax defaulted property
investors will be winners if they learn to use a set of skills that increase
their probability of success. Simply stated, those skills are:
Knowledge
Learn everything you can
about tax defaulted property investing: what exactly is it? This method of
investing has been around for over 100 years. Investors have been using it to
increase cash flow, plan for retirement and build wealth. Whether or not you’re
familiar with tax defaulted property investing watch this short video for the
truth before you go any further: http://www.tedthomas.com/truth-about-tax-lien-certificates/