Georgia and Texas are redeemable deed states. What makes them so attractive to tax lien investors are the high interest rates and shorter redemption periods. However in Texas and Georgia in order to redeem the deed the delinquent tax payer must pay the penalty on the total amount the investor paid for the deed. So the investor gets his or her original investment back plus 20% (in Georgia) or 25% (in Texas).
The drawback to investing in these states is that they do not have online tax sales. While you have to physically show up at the tax sale, or have an agent show up for you, you can do most of your due diligence online for the properties in the tax sale. You do have to have someone physically bid for you at the tax sale, but it doesn't have to be you that does the bidding.
Another way to participate in these tax sales without traveling to Texas or Georgia is to use a tax lien investing agent who specializes in investing in these states.
Platinum Investment Properties West is a tax lien investing agent that specializes in investing in tax liens in Illinois and redeemable tax deeds in Georgia and Texas. You can even specify which state or states you want to invest in. On Wednesday, March 9th I'll be hosting a free webinar with Don Fullman and Charles Sells, co-founders of PIP West. Find out more about investing in the most profitable tax lien state and the 2 most profitable redeemable deed states with an experienced tax lien investing agent. Register for the webinar or find out more about it at www.TaxLienLady.com/WebinarTraining.
