Ohio tax lien sales are very safe and profitable. They are reliable as a secure form of investment. The tax lien sales in Ohio are set at eighteen percent interest and the redemption period is short. However, Ohio is limiting its tax sales to institutional investors. This means investors are required to buy big quantities of lien certificates at once. So, those with small capital have little chance of participating.
The good news though is that Ohio has another type of sale to offer. It is tax deed sales. It is open to the general public for bidding. Deeds are offered which means investors can claim ownership to the property. Tax lien and tax deed sales in Ohio may have certain aspects that differ to one another but one thing is for sure, both can bring in big returns on your money.