Luanne
Visitor
Moderator
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Re:Are these Tax Liens unsatisfied? - 2007/02/20 13:47
Hi Boston,
Thanks for your input. Yes, it's true that there are some serious hitters in the tax lien investing arena. Some investors really do bid down the interest to a very small percentage.
Keep in mind though that they are looking for very specific properties and with thousands of liens available in big cities there is plenty to go around.
Also, you don't just get stuck with 4% or 5% you have to accept that bid. If you don't want to go that low then you have the right to stop "bidding down the interest." Then pursue one that will yield a higher interest rate.
Good luck to all!
Thanks,
Luanne
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