Lesson number 7 in the top ten risk of Tax Lien Certificates are buying property in undesirable and unsafe neighborhoods. The traits that you need to make a good neighborhood are having a great school district, good economical environment, and low crime rate. You can use the census reports that are available online to determine the economic condition of the cities within the county you are investing in. A good one to check on the low crime rate, great school districts and good neighborhood is by calling a property realtor. Let them know you are interested in buying property in a certain area by giving them the zip code and they can tell you were to buy. They have the chance to become your realtor and they will give you the best property values and school district to invest in.
Now you have determined by zip code which communities are the most attractive and desirable to be getting into. Again as I have said many times by doing your due-dilligence you can not go wrong with this process. Now from that point it is simply a matter of identifying the properties from the tax sale list located in those areas of the community and start investing in those tax liens. Now you are on your way to success if the taxes do not get paid you own the property in a good community with great school districts and economic growth it is a win win citation. You also know what areas you do not want to invest in and take a chance of losing money. Remember the Chamber of Commerce will have all the information you need on the area you are looking to invest in.
Well time to wrap it up for today hope to see you at lesson 8 we are almost done.
Calvin
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