Tax Lien Investing Risks

How To Start Tax Lien Investing

After signing up, each prospective buyer will get a bidding number from the Auction Web site that will allow the bidder to place quotes. All bidders should make a deposit on the Auction Website prior to their proposals will be approved. Each bidder will make a down payment equivalent to 10 percent (10%) of the complete dollar amount of tax liens the bidder expects winning.

Buying Tax Liens For Investment

Tax obligation liens are granted to the highest prospective buyer, or in case of a tie, the victor will certainly be chosen randomly by the Public auction Site, and the winning quote amount will amount to the amount of the tie bid. Tax obligation liens will certainly be organized into sets and offered in one-hour increments beginning on November 6, 2024, at 8:00 a.m.

The City and Area of Denver will certainly keep the certificates if the customer desires and provide copies. Redemption rate of interest is 15% per annum. If parcels are retrieved prior to shipment of certifications, redemption checks will certainly be mailed to customers and notations made on customers' listings of acquisitions. Staff members and officials of the City and Region of Denver, and participants of their families are not allowed to buy at the Public Auction.

Tax Lien Investing Kit

There are no assurances expressed or indicated relating to whether a tax obligation lien will confirm to be a rewarding financial investment. The residential property info available on the proposal pages was acquired from the Assessor's office before the beginning of the existing public auction and is for referral just (please note that this residential property information, offered by the Assessor's office, represents the most current assessment year, not the tax year related to this tax lien sale, as tax obligations are paid one year behind).