In some states a tax lien (obligation for back property taxes) may be offered to investors (in the form of a tax lien certificate) with an accompanying right for the investor, after a specified period of time, to institute foreclosure proceedings (a tax lien sale) on the property.

Tax Lien Certificates provide a state guaranteed interest rate ranging from 12% to 50% per year. This is, arguably, the safest, highest return investment opportunity available.

Because of the number of states offering tax lien certificates, and the wide variety of laws, the wise tax lien investor will educate himself (or herself, as the case may be) on the ways the various states administer and enforce their tax lien laws.

Tax Lien certificate investment is not for people who are afraid to manage their own money. The tax lien investor must be diligent to watch and learn (among other things):

• Changes in state laws where they may invest.
• The saftey of the investement as defined by specific state laws.
• How properties with tax liens may be located.
• Specific rights of redemption before forclosure.

For more more information see the full review at Safe Investments.