#1 Mistake Tax Deed / Tax Lien Investors Make
1. Give Up Too Quickly.
I’ve already told you about Christa’s $10k house. What you don’t know was that this was not the first time she bid at the auction. About a month before this purchase, Christa lost bids on about 3 properties. She also had to overcome some obstacles involving the use of her self-directed IRA to buy at the courthouse. I worked with Christa over the phone for a couple of weeks after she bought my Tax Deed Home Study course so I knew exactly what she was experiencing and I advised her on what to do. She had spent the day with me in my all day training class on Tax Deeds. “I think what really helped me was the hands on work we did in the class. Being shown what to look for in the files gave me the confidence to do it on my own”, says Christa. She also used my forms to keep track of the information she needed to collect. And when the time was right… they say “Luck is when opportunity meets preparation.” So when the time was right, ‘she pulled the trigger.’
Stay tuned for More Mistakes Investors Make.
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Originally published in Blog on 6/24/2009