However, Tax Lien investing doesn't need to be time consuming at all. Much of the time required depends on the strategy that you utilize. It also depends on the county that you are investing in. I always recommend students find counties that make investing simple and stick with those counties. An example of how counties can save you valuable time is with second year liens. Let's say that you attended an auction and purchased some Tax Liens from a sale in a state neighboring your own. If the liens that you purchased are first year liens, some may redeem and some may not. For the liens that don't redeem, chances are that the property owner still isn't paying their property taxes. This means that there is a high chance that the county will issue another lien against the property. This new lien is a second year lien to your first year lien. Many counties will contact you prior to the sale to offer you the second year lien. It's a good idea to purchase this lien because you would be forced to pay it off if you were attempting to foreclose on the property. Foreclosure requires all delinquent taxes be paid before the process may be complete. Often times smaller counties that you invest in regularly will accept personal checks.
This same concept works well with Over the Counter Tax Lien investing. Some counties have thousands of liens available Over the Counter. If you can find a few good investments in a relatively short period of time, chances are there are more. Working in the same county over and over again can save you a lot time in the long run.
