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 .