Tax Liens Sales

Can some one tell me how to invest in TAX LIENS?

I live in california. i have some money that is burning a hole in my savings account. some one told me that investing in tax leans was a good idea but they did not tell me how. specifically i stay in los angeles. if some one can give me easy directions a number i can call a web site i can check out that would be lovely.

Public Comments

1. Google search "Los Angeles County tax lein sale" and see what you get. It can get pretty complicated so it's best to do a lot of research. Basically it involves you bidding on a property with delinquent taxes and then if the owner pays them you get your investment plus interest back. If after three years the taxes have not been paid you get the house. You need to continue to pay all the taxes through those three years, though.
2. That is not an investment, it is a gamble. You can possibly make 20%, or you can lose 100% and it takes a year to do it.
3. Check out this website: www.nationaltaxsaledirectory.com/blog