What Pitfalls Are There In Tax Lien Investing?

July 25th, 2010 by admin

The single biggest pit fall in tax lien investing comes when you don’t do your due diligence on a property and find that you assume a bigger debt than you thought. It is important to remember that all liens, including a tax lien, are applied to the property, and transfer to the new owner of the property. If you purchase twenty acres for a couple thousand dollars with the intent of building houses on it, then find out that there is a multi-million dollar mechanic’s lien against the property for power lines that were laid down, you just assumed a massive debt.

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