Watch Out For The Competition When Investing In Property Liens
Whenever there’s a property lien sale at auction you’ll always find a lot of interest from real estate investors looking to pick up a new property for bargain prices.
Interest from out-of-state investors peaked when the Iowa Legislature in 1991 increased the penalties on delinquent taxes from 1.5 percent to 2 percent a month. I think the out-of-state (investors) have dropped a little compared to what it was during the first year (at 2 percent). We’re seeing more local buyers now. But out-of-state firms are still major players.
