Buying Tax Liens on Credit – What Not to Do

Buying Tax Liens on Credit – What Not to Do

The following post involves an advertiser that I receive commission from, but it’s worth telling a story about why they are on my website: 

So, when I first began buying tax liens a few years back, I was more strapped for cash than I’d like to admit.  The real estate market was booming and I had my money in quite a few deals (luckily, I wasn’t killed too bad in the market fall).

After learning a little bit about buying tax certificates, I wanted to try it out by buying a few tax liens in New Jersey.  I had heard about Lending Club from a personal finance blog that touted the returns you could make from investing with them—basically, they pool together investors to participate in unsecured, personal loans.  The returns are OK—mostly in the low teens or high single digits.  What’s nice about it is that you can pick which loans you want to be in and only need to invest in $25+ increments.
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