Here is some helpful advice for those of you who are interested in investing for the first time in property tax sales... research, research and then consult with a professional. Like any investment, find out as much information as you can before you risk your hard earned money. Don't rely on second hand information from a "friend" or neighbor. While forums, blogs and websites online can provide a lof of helpful information, it's also possible to receive false information. Your best plan of action is to consult with a real-estate attorney or an attorney that has a lot of experience with tax sales. Also, read the LA statutes (linked provided in the Laws forum) and try to understand them the best you can (it can be a little challenging!).

It is impossible to be mistake free as we all learn through experience, but try to minmize your potential losses by learning as much as you can before investing your money. No one wants to learn the hard way. Spending a couple hundred to consult with an attorney could save you several thousands in "trial and error".

Thanks for giving suggestion on investing money into property tax sales. Many people do a minor mistakes by not consulting property agents or property attorney and listen to their friends and neighbours and then lose their earned money. But if everybody research and consult the property lawyer then it is possible that money can be invested in the right place without losing it.

A lot of us have "know-it-all" neighbors or friends who are more than eager to give advice to others when they have first hand zero experience in those matters. In many cases, people will rely on that person's advice and make the wrong decisions. It is always best to consult with an attorney is who is very knowledgeable in that particular field.