Hi everyone, we’re now into the next mini course, which is part of our larger series on tax lien certificate investing. And in this course, we are going to be talking about the advantages and disadvantages of tax lien investing. And we want to present a balanced point of view. It’s not all rosy. Of course, there are some risks and there are some things that aren’t great about it. But for the majority of us, the advantages outweigh the disadvantages. But what we’re gonna go ahead and do is show you both sides here and, of course, let you make your own choice.
So who am I? I’m Michael Decker. I’m a contributor here to MyOpenPath.com. Likely you’ve heard my voice either on other courses in this series or even on a few other courses. I’m an active real estate investor. The techniques I’m showing you I’ve used myself, so I am bringing that to the table. And I also have a lot of friends who are investors, and I’ve learned from them as well.
So what is it that we’re going over here? We are going to be talking about the advantages of tax, the advantages and disadvantages, specifically the cost, right? In terms of money and in terms of risk, what is the cost you should know about going into this investment? Now remember, investments inherently have risk. That’s why it’s an investment, not simply a business transaction. There’s a pretty good chance you’re going to make all your money back, and then some. But it’s also possible that you can end up losing money. So these are some of the things you want to evaluate going into it, and that is an advantage. The people is another advantage. There’s not as much competition as you may have been told or you have been led to believe. Yes, there’s some, but there’s not as much, especially if you learn how to go after the properties that I am going to be telling you about later. And the knowledge you don’t have to be an expert to get started with this.
Yes, I want you to have an upfront education, moving forward. But that doesn’t mean you have to know every single detail about tax lien investing before you can make your first purchase. However, one of the disadvantages is the wait. Whether you are going to be collecting interest or foreclosing, as I’ll go over. There is going to be significant amount of time you have to wait for. And that’s a disadvantage for some people. There is a secret way I’ll talk about briefly, to where you can cut your wait short. It doesn’t work everywhere, but it is a pretty valid method and we will go into that. But this is just, at least, upfront, what we are going to be talking about. The cost, the people, and the wait, so let’s dive into it.
