Maybe the intense competition and split-second decisions inherent to an

Maybe the intense competition and split-second decisions inherent to an auction make you nervous. Perhaps you don't have the time or the extra gas money to travel to an out-of-state sale. Or perhaps all the auctions you have attended lately haven't been offering the kind of properties you typically invest in. Whatever your reasons, if you'd rather forego the auction, over-the-counter tax liens are an option worth exploring. At any tax lien auction, there is a finite amount of time in which to sell the properties. Once the time limit expires, any unsold properties turn out to be "leftovers." And the county government does not want to stay burdened with these leftovers. This really is where the sale of over-the-counter tax liens comes in.

If you'd like to participate in these over-the-counter sales, you'll need to obtain in get in touch with using the county you are interested in. The county will then give you a total registry of available tax liens for you to peruse and purchase from as you please, at your personal pace. There is no bidding, no competitors. As soon as you purchase a lien, the maximum statuary rate is applied. Nobody prepared to accept a lower interest rate can snatch the home from you. This means much more money for you personally. In the event you know how you can complete a transaction, you are able to take part in over-the-counter tax lien sales.

The Pros

Over-the-counter tax liens entirely get rid of travel-and all of the costs it entails-- from the image. You save cash on gas, plane tickets, restaurant stops, et al. This increases your profits overall. You are able to make excellent cash from the comfort of your home by purchasing tax liens via the mail or the web.

The Cons

The apparent disadvantage to over-the-counter tax liens: they are the properties that had been overlooked or undesirable. If you are a knowledgeable investor who knows the difference in between a bargain and a train wreck, you might just stumble upon a diamond in the rough. But don't count on discovering the deal of a lifetime among this kind of inventory. Think about over-the-counter tax liens as a technique for diversifying your portfolio and giving you access to properties you might not have regarded as investing in at an auction.

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