A common question among investors is: Which is better tax deed or tax lien? The answer to this question depend if you want to double your investment or own a property. If you are just looking to receive interest on your investment, then tax liens can do the job for you. But if you want to own a property, then tax deed properties are more suitable. Either way, you would surely be creating a great portfolio in both ways.
Whether you want to invest in tax deed or tax lien, here are a few things to remember first:
a. You must have a capital no matter how small or big it is in order to invest
b. Do a research on all properties included in the tax sale. Don’t worry because information of the properties is public record.
Once you have found the properties that you’re interested, make a game plan on how to win them over other competitors. You can also seek advice from a realtor in the area. These tasks can save a lot of trouble as you go forward.