Zero Risk Real Estate: Creating Wealth Through Tax Liens and Tax Deeds

Measuring Your Success

Knowledge is not power or success, it’s the application of knowledge that is the real power of success.

—Jim Rohn

One way to measure your success is to track how many tax liens and tax deeds you have acquired. Another measurement that you can use once you start building your portfolio is to look at how many of your tax lien certificates have been redeemed and paid to you. Have you generated a positive monthly cash flow and are you seeing a consistent return on your investments? Take a look at the properties you have acquired through foreclosure. Are they generating rental income and positive cash flow? Have you recouped your rehab and investment costs when you sold them? Are you using your time wisely? How many new lists of tax lien certificates and tax deed auctions have you added to your tracking system? How many auctions are you attending each month? These answers will give you important insight into how you are doing so you know what areas you can improve and where you are exceeding.