I have recently become interested in real estate investing and have been researching different techniques on this site and other real estate investing sites. I am wondering if tax lien investing would be a good place to start.
I have read that the interest rate for tax lien purchases in texas is between 25% and 50%. Does anyone know if it is possible to obtain financing from a bank to purchase tax liens with? If I could earn 25% to 50 % on money that I borrowed at 10%, I would be a very happy man. I would also like some information on what percentage of tax lien purchases result in foreclosure. Lastly, I would like to hear some opinions on Darius Baranzadeh. I have read all of his articles on this site and am considering purchasing his products.
If you have any knowledge of or experience in tax lien investing, I would love to hear your comments on these questions, as well as any other points that you think are important. Thanks in advance for taking the time to help out a newcomer.