Last fall I attend a financial workshop and learned some great stuff. Here are some of my notes on How to lose money in tax liens.

–          purchasing back. Property that can’t serve a value.

–          Area is in a flood zone, here you can lose money.

–          You must do due diligence in researching what properties to dueling on.

–          Avoid areas that have passed chemical pollution.

–          Vacant properties are properties that do not have a home, but his broad land.

–          Look at the use code to determine the use of the land.

–          Meth lab: do a pencil title search. This will check the history of a house.

–          Tax lien investment is usually 2% of the worth of the house.

–          Many people will start the tax lien business with doing 10 3K properties.

Have any suggestions to add to the list? Please feel free to add you feedback in the comment section of this blog.