Tax Lien Certificates top 10 risk: lesson 9

This is they most important lesson in my opinion of all and it is poor or no due-dilligence is were you can run into the risk factors. I will break it down for you and make sure if you follow these steps you can not go wrong.
14 Point Due-Dilligence Process

1. Determine your investment objective - example Tax Liens or Tax Deeds
2. Determine how much investment capitol
3. Select the markets to invest - list familiar markets to start out with
4. Request the tax sale list from the counties you choose to invest in - sometimes there is a fee
5. Determine the best geographical areas to invest in(zip code, school district, property values) - start with 2 zip codes, Call real-estate agents ask for zip codes with highest property value and best rated school districts, call chamber of commerce and double check it
6. Highlight the property on the list - break the list down to a short list
7. Highlight the properties on the list that are within your budget - now you eliminate a bunch more by doing that
8. Highlight the single family residential properties - you now have knocked your list down to what you are looking for
9. Start a search by using the property profile to get the assessed value of the property - like a credit report on the property, and not all counties give good information
10. Obtain or view photos of the property - Google search and make sure you have the right address, +Google Earth , Bing, Zillow, and realtor.com
11. Subdivision maps / Parcel Maps - get them online, look at the property all around the area
12. View other homes that sold in the same area - examples Zillow.com, Trulia.com, and Realtor.com - 80% of fair market value, get a ball park figure, what are they selling for and what have they sold for, and how long has it been on the market for
13. Contact a real estate agent - do a comparative market analysis 
14. Last of all request a relocation package from the chamber of commerce, online - whats happening in the area, such a wealth of info like Job info, reality info, and school info. They will also tell you great ecumenic information about the area you looking to relocate in 

Well this is the most important part of all the lessons please follow these 14 step process and you can not go wrong weather you want to buy tax leans or if your more comfortable with owning property then tax deeds. In a couple more blogs I will get into Deed Grabbing another way to get properties and also explain the market vs tax liens.

Thank you for reading my blog have a great day and tomorrow lesson 10 the last lesson for the top 10 risks of tax liens.

Calvin