Tax Liens Sales

Has anyone ever invested in Tax Liens?

I live in South Carolina and want to invest in tax liens. Are there any hints, inside advice/info you can give me on what to look for, how to look for it, where to find it? Thank you in advance!

Public Comments

1. i dont think its possible to invest in tax liens. tax liens are placed on propeties by government entities for non-payment of taxes. if some one advises you to invest in them you should check that person out before giving them any money.
2. YOU CAN INVEST IN THEM. Because the lien is placed on the propery it overrides a mortgage. So if a person is paying their mortgage but not paying their property taxes, their propery can be taken from them for little money. Depending on the type of property they have up to 2 1/2 years to pay the taxes owed.(Check for differences in your state) It depends how you want to invest. Im not sure about the laws in your state. But i usually look for properties that are either abandoned or close to the redemption period. If the property is too good to lose then purchase it at the beginning of a sale. There should be a listing in the papers or if you see a property you have interest you can look up its info at your city hall treasurer's recorders office. There are usually lots of steps to take but for the little amount that you probably invest and how much the property is worth its a good deal. If the property is close to the end of the redemption period and not vacant, and you dont want to do a hostile take over you can still do a quit claim deed and retrieve and try to work something out with the occupants. This way you dont have to kick them out clean up or possibly fix up if the property needs too much of TLC. They can continue to pay you for living there either rent to own or rent. There are sooo many things that you can do. Mostly popular in larger cities and some bad neighborhoods. But if you have the will you can make easy money.
3. I looked into it, and I took a class. What I found was that most of the property was rural undeveloped land. Not for me. http://www.firstgov.gov/shopping/realestate/realestate.shtml http://www.usdoj.gov/marshals/assets/sales.htm These two sites may help you get started with the Federal government.