Researching for tax lien properties beforehand is a must to be guaranteed of profits after the auction ends. However, some people are under the impression that only little research is needed to get paid on a lien. They just go out to the nearest county with an auction, purchase any lien, and expect to be paid in the future. Well, that is now how it works.
The interest rate in your lien is guaranteed by the government. It must be noted however, you are not guaranteed to get paid. The property is your guarantee. So, better make sure that the property you’ve bid and won is valuable before buying its lien. Make sure that you can sell it to make profit.