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Investing In Tax Lien Certificates An Advantage Over Other Types of Real Estate Investing

I finally figured out why Iíve been successful at investing in tax lien certificates, but have not been very successful at other types of real estate investing. All this time I thought it was just because thereís less money needed for tax lien investing than there is for most other types of real estate investing. But now I think that Iíve found out the real reason. Itís my negotiating and communication skills, or should I say lack thereof.

Most types of real estate investing require negotiation and communication. You have to get on the phone and talk to someone, negotiate a price, and make a deal. Worse than that, you might have to make a few cold calls Ė you know call someone that has a property for sale or rent who doesnít know you from Adam, ask them about their property, and determine if theyíll sell it to you, at a discount and preferable for no money down.

Well I donít know about you, but when it came to these calls I was terrified of the phone. It wasnít actually the phone that I was afraid of but the person on the other end of it. It didnít matter if they were calling me and responding to one of my ďwe buy housesĒ ads, or I was calling them on their for sale or for rent ad. And then I had to meet them in person, look at their property and negotiate a deal. I just didnít consider myself a good negotiator.

With tax lien investing on the other hand, there is nothing to negotiate. Usually, I never have to talk to the delinquent taxpayer. The only person that I have to talk to is the tax collector and maybe the other bidders at the sale. I donít have to negotiate the terms of the deal. State law already specifies all of that. All I have to be concerned about is exactly how low in interest or how high in premium I want to bid. No negotiating skills needed - Another benefit of tax lien investing over other types of real estate investing.

About Author Joanne M. Musa :

You can find Joanne's articles at <a href="" target="_blank"></a>. Joanne Musa is a tax lien and tax deed investing expert who helps investors buy profitable tax lien certificates and tax deeds. You can find out more about the excess proceeds strategy of tax deed investing and get a Free mini-course at <a href="" target="_blank"></a>.

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Article Added on Monday, July 27, 2009
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