#3 Mistake Tax Deed & Tax Lien Investors Make
They Don’t Know How to Bid
Whether it is a Tax Lien or a Tax Deed auction, most municipalities require that you compete for the properties by bidding. The problem many people have is their bids are too high. You know the story about David and Goliath. Brains over Brawn (or cash in this case). The way I bid is how I taught Christa to bid in her auctions. The person willing to pay the most at the sale does not always win. You have to learn how to step your game up. Christa carefully timed her bids out based on the climate in the room and the fact that the clerk breezed through the sale only enhanced her chances.
Originally published in Blog on 7/10/2009