Ending The 2022 MS Tax Lien Auction On A High Note

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.

Changing Strategy

Every now and then, you have to switch it up and do something new or different.

Real estate investing is no different. I don’t know many investors who only do one type of investing. Most have done at least two types of real estate investing.

This year, I’m going to try something while bidding on tax liens. In the past, I’ve been afraid to bid on land because I didn’t know what I would do with it should it come to me foreclosing on the property.

However, today I’m feeling like land is exactly what I need because we have entered into a time where people are starting to grow more food inside and outside their homes. Not everyone is going to have that space and owning land for a community garden or to house someone’s animals could be a good investment.