Not every state sells tax lien certificates; some sell "tax deeds" instead, where you buy the property itself immediately.
Most auctions are held annually by the county treasurer or tax collector.
Buying a tax lien certificate is a way to invest in real estate debt by paying off someone else's delinquent property taxes in exchange for the right to collect that debt plus interest. If the owner fails to repay, you may eventually have the right to foreclose and take ownership of the property. 1. Research Your Target State and County
States set maximum interest rates, often ranging from 8% to 36% . For example, Iowa offers 2% per month (24% annually), while Alabama is fixed at 12%. 2. Find and Register for Auctions
What Is Tax Lien Investing and Is It Worth the Risk? - Freedom Mortgage