The interest rates are quite high for some states that hold tax lien sales. How high you ask? Is twenty-four percent every year high enough for you? Though, it varies from state to state. Also, with tax lien investment, you either get a high rate of return on your investment or acquire the property. That is a lot better than the stock market.
Another good thing about tax lien sales is the prices. You can get bang for the buck properties which are usually in the range of a hundred up to a thousand dollars. This is easily within the reach of an average property investor. Furthermore, in tax lien investment, there are no special licenses or requirements needed for you to begin.
Now that you know the nice interest rate and prices in tax lien sales, the next thing to do is find out when and where the auction is going to happen.