For the past 2 years, I had 2 goals when it comes to winning tax lien auction bids.
- Win at least 3 bids per year
- Don’t lose money
Starting this year, those goals have changed.
- I am now 2Xing my winning bids. This means instead of winning 3, I’m winning 6 bids per year.
- The long term goal is to try to get one tax lien redeemed check in the mail every month.
- Don’t lose money.
- By this I mean, I will be sticking with my plan to not bid more than a specific percentage of dollar amount so that I set the company up to make money.
During my research, this year, I put a lot of focus on properties where the owners didn’t live in the county or state.
I WON 6 BIDS THIS YEAR!
The properties include land in an existing developed sub-division and single family homes. I stayed within the range of not bidding more than 15% and I hope it pays off.