Can a Canadian invest in American tax liens?

August 9, 2002

Subject:  Re: 16% Solution
Date:  Wed, 17 Jul 2002
From:  Mike

Ok, just one quick follow-up question. Is it possible for someone in Canada to invest in American Tax liens or other safe investments to yield a 15% return?

Thanks.

Answer

Date:  31 Jul 2002

Hello Mike,

I'm not aware of any requirement that an investor should be a US resident to invest in US tax liens. The travel costs for you to perform due diligence will eat into your return. Maybe you should look into investing in trust deeds at home?

Good luck!

Mike Gray

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