Are Purchasing Tax Lien Certificates In Florida A Good And Safe Investment?
Tags: Certificates, Florida, Good, Investment, Lien, Purchasing, Safe
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on Sunday, January 10th, 2010 at 12:08 pm and is filed under Tax Lien Certificates.
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Do you know this type of investment or did you simply hear about it as a money-maker?
My guess is you have no expertise in the area. The main problem with these homes is they have encumberances you aren’t aware of and have numerous leins that when you sell the property, you’ll be responsible for. To me, it’s not something I’d want to get involved in. In my last two years of investing, I never bought a mutual fund that had mortgage backed securities.
In certain situations, I like foreclosed properties especially of you are a handy person who can fix problems. The main downfall is that in order to judge whether you should buy a home, you really want a full-house inspection. I heard from TLC that a full-house inspection usually costs about $400 but it could be higher than that.