Did I make a good decision by signing up for this program?

[Deal Hunter]

Howdy!

I did Carlton Sheets waaaayyyy back in 2004.  My area (west coast) had a fair amount of tax liens available, but most were in really rotten areas.  I did close on 2 eventually.  I had to spend some $$ making the property fit for renting.  I still have the properties and they are still rented.

The tax lien auction lists dried up in 2005 and I cities didn't have to do any during the boom.  You will probably have to wait a few more months, maybe a year to get in on anymore auctions.  And even with that, you'll have to venture to outlying areas or to locations that had massive foreclosures.

In any case, with the economy being down and most banks unwilling to lend, even if you do find a tax lien property at a good price, you will have to hold and rent it out for a while before trying to flip it - unless it's in an area that's still supporting population growth and a stable economy.

Good luck!