Your Due Diligence, In Conclusion...

Reach Out to Other Investors

A great way to practice due diligence is to reach out to other investors and networking. Tax lien investing has become a fairly well-known investing adventure for the ‘common’ folk. Resources abound on the web including blogs, ezines, and discussion boards.

If you have a question about a particular state or county that you are interested in investing in, don’t be afraid to ask “experts” and other investors. They can be your greatest, experienced resource.

It is best to research your state and county laws and procedures yourself. This is accomplished best by either calling the state/county entity or subscribing to a trustworthy website that researches all of this key information. However, sometimes there are minor details that only a seasoned investor may know. ASK SOMEONE!

An informed, knowledgeable investor is a successful investor. We all had to start somewhere and most investors are willing to share their knowledge.

Our website has a great, open discussion board that already has discussions ranging from state specific questions to others about over-the-counter liens. ( http://tax-lien-database.com/blogselect.aspx ) Stay tuned to this blog and don’t be afraid to ask questions and expect quality answers!

No matter what type of investment you put your hard-earned money into, you would always make sure you understand before you jump in. Tax liens and tax deeds aren’t any different. Gain knowledge from those before you and don’t be afraid to gulp your pride and make sure you fully understand before making the leap.

Happy Investing!

©Rachel Seidensticker is an administrator for the comprehensive database http://www.tax-lien-database.com. For more information on tax liens or gain access to the dynamic, updated information regarding tax liens and tax deeds, visit the website and become a member.

Your Due DIligence, Continued...

Don't Invest Without Investigating!

There are several ways to practice your due diligence when investing in tax liens/deeds. As stated in the previous blog, it is important to know your state and county laws, contact local agents, and proceed with caution if using investments agents. I want to look further into investigating! The biggest step to your due diligence is knowing the property that you are investing in and what type of lien you are buying.

Even if you are only investing in tax liens, you still have the potential of OWNING that property one day, so it is crucial that you invest your hard earned money that will make a return on your investment.

Investigate, investigate, investigate…

Once you have a thorough understanding of the laws surrounding your county that you are investing in, it’s time to track down the SALE LIST! From this list, you can obtain a tax i.d. number (usually a geocode) that can be used to search county property records. Most county property records are now available online. It is considered public information, so if it isn’t online, you can call or visit your local treasurer’s office to retrieve this information. These property records will give you the address of the property that you may want to invest in. This is where either contact with a local real estate agent comes in handy or more investigating on the internet on your own.

1. Find out neighborhood information by searching other property in the area that is for sale to see its potential market value (usually available on real estate agency websites)

2. Google Earth the location to see a glimpse of the area.

3. Check out a local newspaper to find out more about the town or certain section of a town.

All of these simple facts and steps safeguard your investment.

Tax sale lists are available through the county entity holding the auctions, local newspapers, or even more convenient, on our website. Our website has all the information you need to practice your due diligence including property record websites.

These lists are your connection to protect your hard-earned money! Don’t ever invest in anything with a blind eye! Get out the spy glasses and become an investigator.