GMTRADING
2007-07-07 15:44
Lookign to get started , which is the best to buy certificates or bidding on the deeds at public autions, Been there by the way they do go cheap!
Lookign to get started , which is the best to buy certificates or bidding on the deeds at public autions, Been there by the way they do go cheap!
Depends what you're investment strategy is really.
Do you want to own properties or make money from paying someone's taxes for them (for an interest fee)?
Really depends on your end-goal.
It's kinda like saying "Do I want a Porsche or RV?" They serve different purposes, but they'll both get you from A to B.
If you want to just make money, stick to tax lien certificates (and worst case, you'll end up with the property if they don't pay the lien) or if you want to go straight for the property and deal with the stuff that goes with property ownership, go for tax deeds.
Really depends.
My personal preference is tax deeds, since I'm more into getting the properties and then reselling them.
Up to you though.
[ Edited by cbannard on Date 07/23/2007 ]
Thanks , I am a RE investor , the ultimate goal is to get the property, But in dade coutny the property goes up for auction when the certificate holder files for the deed you do not automatically get the deed. The Auctions here are way out of control the property goes for top dollar most of the time .
Try other counties. Not all the sales get big crowds