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Buy Tax Lien Certificates Online
I don't know how many times I get asked about
buying tax lien certificates online. So I decided to
make a page specific about it.
This is my stance on buying property online. I do not, I
repeat, I do not buy any property that I have not seen with my
own two eyes.
The reason why, it's simple. Have you ever seen a house
that is pretty in the front, but when you see the side of the
property. The siding is missing or the rest of the
property looks horrible? That's someone who has pretty up
the front took a picture and said buy this property online.
If you do, when you get there and see all the work you have to do.
You will be devastated about your purchase. It's your
fault, you have to do your homework on every or any property
before you buy! The idea of buying a property online based
on just a picture is an easy way to make a bad investment.
Also when bidding online you have to be careful. Once you submit
a bid, there is probably no turning back. You also have to get
your bid in by specific date and time. Obviously, people are
interested in bidding online because they do not have to be
there.
So what are your options, if you can't physically go see
the property the question I'd ask is do you have any friends or
family that could go check it out for you. Obviously,
they would need to know about assessing property. If you don't have any friends or family in the area you
could consider doing online buying in areas where you do have
friends or family.
The other options is called bird-dog. This is basically a
person you don't know, but this person has knowledge of property assessing. For a fee they can assess the property
and advise you on whether to purchase or not. As well as
how much to invest and how much it will take to make it livable
if not or to get it up to standards if not. Obviously, this will
require you to trust someone you don't know which is risky too.
How do you find a bird-dog? You can check with local real
estate agents. They should have connections with people
who do this type of work.
Whether you are bidding on the property or a tax lien
certificates make sure you know all the necessary requirements
in order to bid prior to the sale.
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