10 Ways to Let Your Money Work for You
9. Tax Liens and Deeds
Tax liens and deeds are employed when property owners fail to pay their taxes. They serve as a means of providing state and local governments with the money they need to operate. This enables them to offer their services and gives investors the opportunity to turn profits on the interest and fees associated with the late payment of taxes. If you get lucky, you may even find yourself taking ownership of a property that’s in decent condition for a fraction of its value. County governments regularly hold auctions, but you will typically have to attend them in person. Some, though, do conduct them online. As with other investments, research is required, especially at the outset. You can, however, get some great, relatively safe returns.
