Hack Your Wealth

How tax lien investing works and how to buy tax lien certificates


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#66: Investing in tax liens may sound scary and complicated. But as you’ll see from today’s podcast interview, with a little bit of research upfront, it can be as easy as buying toilet paper on Amazon. And the capital required to invest can be as little as a couple hundred bucks, making it a low-risk way (compared to buy-and-hold real estate) to try a new investing strategy.

This week, I deep dive on tax lien investing with Phil Kessler, a prolific tax lien investor who has extensively researched the tax lien investing laws of multiple states. He also creates a lot of educational content about tax lien and tax deed investing online.

We discuss:

  • How tax lien investing works + how to make money from it
  • Differences between tax lien vs. tax deed investing
  • How tax lien interest rates are set + realistic rates you can expect
  • What makes an ideal tax lien investment
  • Due diligence checklist for analyzing tax lien deals (and how it differs from typical real estate investing due diligence)
  • Tips and tricks for evaluating physical property condition, environmental risks, etc, when you can’t access the house
  • How tax lien auctions work + winning bid strategies
  • How tax lien investment funds work + tradeoffs of investing in a fund

Check it out here:

https://hackyourwealth.com/tax-lien-investing

Have you ever invested in tax liens? What’s been your experience? What other questions do you have about it? Let me know by leaving a comment.

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Links mentioned in this episode:

  •  Nationwide Environmental Title Research (directory of public records websites)
  • Velocity REOs (drive to any property, take 10-15 photos for you)
  • National Association of Counties (find tax sale info on county treasurer site)
  • National Tax Lien Association
  • RealAuction.com
  • Grant Street Group
  • propertyonion.com
  • Schedule a private 1:1 consultation with me
  • HYW private Facebook community

  Intro/Outro: Old Bossa by Twin Musicom.

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Hack Your WealthBy Andrew Chen

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