Realty Flipping Guide

The Rundown
Tax Lien certificates can be a very lucrative and safe investment.  A tax lien is a claim against an item by another party, which utilizes that item as security for repayment of a loan or other claim. A tax lien is placed on a piece of property by the government when the owner fails to pay their property taxes.
Most counties have a Real Estate Tax Lien sale once a year.  At these sales, primarily investors bid on the tax liens that have been placed on parcels of real estate.  The bidding per tax lien begins at a high interest rate (18% in Champaign County, IL) and decreases per bid.  The investor who bids the lowest interest rate before time expires gets the lien.  The property owner then owes the new tax lien owner the amount of the lien plus the interest (interest is accrued per 6 months in Champaign […]

Original post by Justin McClelland and software by Elliott Back