Tax Liens Sales

Any small investors have good luck at tax lien sales?

In KY the laws regarding tax lien sales to favor the institutional investors. I went to a sale on Tuesday and they cancelled it before it started due to an institution submitting a pre-auction bid to buy all of the tax liens. I was furious. I see the lose posibility as minimal, due to the fact that you have a redeption right and ability to foreclose if they are not paid. Am I missing something?

Public Comments

1. you can find them several time a year in the newspaper, but be very careful, start small they can be a dangerous investment, be prepared to loose as often as you win
2. Yes, I am currently in a position to buy adjudicated properties in Louisiana(which is when people have lost their property due to not paying taxes.) Its pretty simple cause you can buy property directly from the city at a cut rate and renovate then rent or sell and make a profit