Understand the Process
GETTING STARTED WITH YOUR TAX LIEN CERTIFICATE AND TAX DEED INVESTMENT BUSINESS TED THOMAS
Think of your investment business as an office building. Before the walls goes up, there has to be a foundation in place. Not only is the foundation the most important part of constructing the building, it ' s the hardest part to do. It takes careful planning, using the blueprints( knowledge) to create a foundation that will support the subsequent structure.
Although its importance can ' t be overstated, one day the foundation will be covered up. No one will be able to see it and it will become a forgotten part of the building. Nevertheless, the building must stand firmly on the foundation or it will crumble.
The same is true of a business. Your profits will speak for themselves, but no one will realize the time, research, and effort you put into creating a foundation of success. Just remember that without those ingredients, your road to profitable investments will be a rough one.
Understand the Process
The more comfortable you are with the process of bidding on tax lien certificates and tax deeds, the better your chances of making good buying decisions. One of my successful students, Craig Talkington, puts it this way, " You do it once and it gets easier every time you do it. It ' s guaranteed. The worst that happens is you get your money back."
Not only that, it gets more profitable! Recently, Craig bought a 10acre tract of land at a Tax Lien certificate sale. It was next to a school in a bad part of town and everyone thought he was crazy. But Craig was crazy like a fox he figured the school would eventually want to use it for expansion. He bought the certificate for $ 1,500 and later sold the property to the school system for $ 34,000. Craig kept investing part time and it didn ' t take long for his profits to snowball.