How To Buy Liens <90% Premium>

: Liens are highly illiquid with no secondary market. You could also end up with a low-value or unsellable property.

: Beyond the lien price, expect legal fees ($50–$500), court costs, and potentially repair costs if you end up with the property.

To provide a more precise analysis of potential returns or specific auction requirements, it would be helpful to know: In which are you looking to invest? What is your estimated budget for this investment?

: You typically "bid down" the interest rate or "bid up" a premium price.

: The homeowner has a set time (usually 1–3 years) to pay you back with interest.

: Most liens are sold at public auctions (online or in-person) held by the county treasurer or tax collector.