The first place to start is to determine what type of property you want to bid on. Are you interested in single-family homes or commercial properties? It’s important to do your research ahead of time.

Once you’ve decided to enter a tax lien auction, contact your local tax revenue office. They’ll have information on local tax lien auctions and can tell you what’s required to participate. Keep in mind that not all states allow for the sale of tax lien certificates, so this may not be an option near you.

The most important step of the process is researching each property. Before you bid on a tax lien certificate, it’s important to understand the property value and current state of the property. Make sure you know all of the payment requirements and deadlines before bidding. Finally, make sure you fully understand what’s involved in the foreclosure process since it may come to that.