Question by B721: how good of an investment are tax lien certificates?
Im looking for good real estate investments. I heard and have done a little research on tax lien certificates. Any one have any advice or knowledge about tax lien certificates or maybe other good real estate investments?
Best answer:
Answer by Ed Atun
They are generally good investments if you only want the 16% interest that they pay. If you want to own the underlying property, they aren’t so good. Of the 50,000 properties advertised for the yearly sale, over half will be paid before the auction. So doing a lot of homework is wasted time.
Many of the properties are worthless. They exist only on a piece of paper. Ditches and alleys and easements and slivers of land.
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