Tax Lien Investing Via Credit Card

in #tax6 years ago

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So many people are interested in tax lien investing but have big problem, they do not have any cash available to invest. If you are one of those investors who are held back from succeeding in this lucrative investment, then worry no more. Use your credit card to invest in tax liens.

There are two ways to use your credit card to fund your tax sale purchase. The first method is to pay directly at the auction. Swipe your card just like buying a loaf of bread at the grocery store. Do take note that it also come with a cost in the form of surcharges. Surcharges are anywhere in between 2-3%, but it wouldn’t matter if you are a wise investor.

Credit card cash advance is the second method you can utilize. Go to a local ATM machine and put your card in, which would then give you cash that can be used to purchase tax sale investments. This method can be quite expensive. However, if you learn how to properly invest and flip the properties, then you would be able to pay off the interest.

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