Posted by Ronald * Starr(in No CA) on March 11, 2002 at 20:59:08:
Well, of course it works, why would you doubt?
I buy properties on tax sales and I am moving into buying them with certificates.
It requires effort. Most properties on the sale are vacant land and parcels. Many of them are junk, and that is why the owners are letting them go.
So you have to sort through the property lists and pick out the good properties and study them carefully.
This is a foreclosure technique, so is not good for beginners, in my opinion.
Besides going for the properties you can try for an interest or penalty return with tax certificates in many states. This is suitable for the beginner, in my opinion. You can expect to make about 12-20 % a year on your investment and once in 100 to 400 purchases you will end up with the property. If you bought only certificates secured by good properties, that should be a shot of joy for you. John provides the information to get you going. He has information for every state of the union, possessions, and all the provinces of Canada.
For anybody interested in the topic, it is a terrific bargain.
Good Investing**********Ron Starr**************