Investing in Nassau County, NY Tax Liens: Steps to Success
If you’re looking into tax lien investing, Nassau County in New York is a great spot to consider. Unlike many places in New York that deal with tax deed sales, Nassau County offers tax lien certificates. This can be a pretty profitable investment, with potential returns reaching up to 12% per year.
Understanding Tax Lien Certificates
So, how does this work? In Nassau County, if homeowners don’t pay their property taxes, the county sells these tax liens at public auctions. As an investor, you can buy these liens, which means you’re paying off the homeowner’s overdue taxes. If the homeowner doesn’t pay you back within a certain time (usually two years), you can start foreclosure proceedings to take ownership of the property.
It’s a win-win: you either get your money back with interest, or you could end up owning the property.
Key Steps to Start Tax Lien Investing in Nassau County
Research Local Laws: Learn the legal framework for tax lie
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Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.
