Being The Biggest Loser isn’t Always a Good Thing Avoid Being The Biggest Loser at a Tax Sale (Tax Defaulted Property Sale)

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/  

Create a Plan

Treat your investments as a business. Even if you’re doing it as a hobby, create a business plan. This will help you to determine the types of investments to make. Focus is important if you’re going to increase the probability of success. Success equals what you’ve defined as success and the only way to know if you’re on target is to create a plan.

Research

Once you learn how to look for information on scheduled tax lien certificate auctions and tax deed auctions (officially tax defaulted property auctions), identify the ones that match your investment goals. Then research each property before you bid.

The Biggest Losers are everywhere. Don’t be one of them. Learn all you can about tax defaulted property investing before you bid on even one property. As I said, it’s simple as long as you know what to do.

Learn the truth. After you watch my FREE video, look at some of the case studies in my FREE educational video library also on my website. Tax defaulted property investment may be exactly what you’ve been looking for. Please click here to view the video: http://www.tedthomas.com/truth-about-tax-lien-certificates/