I am curently looking at buying some Tax Lien Certs now. Those that were not picked up at the sale in Feb in Arizona. My goal is to get the 16% interest return. As I am looking through the lists there are some nice parcels. I have done title searches and find that the comps are strong. (Anywhere from 5K-35K above what is owed) My question is, I am seeing that some of these properties have not had back taxes paid for several years. Is it better to find those properties that have not had the taxes paid on them for one or two years versus a longer period of time? What would be considered a better risk for getting the certificate redeemed so I can make my 16%?
Thanks for responding!