Whenever you invest in tax liens and deeds, remember to stick to your goals. Are you looking for homeowners that would likely default on their tax debt which makes you the new owner? Or maybe want to earn extra income? Both are possible to do but would take research and skill to achieve either of them. Look for a real estate professional or mentor that can give you helpful advice and share some experience on tax lien and deed investing.
In a tax lien and deed sale, many buyers tend to forget to stick to their plan in the end. This is because winners of the sale are required to pay up after the event however, some of them forget. When this happens, you might be able to grab those properties at a cheaper price. Then, in some cases there are additional properties that are open to anybody who wants to claim them which you can get after. Either way gives you a nice opportunity to make profits.