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Nick B has got a pretty good idea. Avoid real estate (that is WHY the stock market is going down today, bad real estate & home prices going A LOT lower).

Buying the S&P 500 will likely average in the 10% range over the long term. Try either the VFINX mutual fund or the iShares ETF ticker IVV.

Or you could buy the stock American Capital Strategies(ACAS) which has a dividend yield of about 9.5% (now) & has averaged about 21% annual return over the last 5 or 10 years. It does have risk in this environment & is volatile, so don’t buy it above $42. You might get it below $39/share or less if you put in a limit order & wait.

just buy a few good mutual funds

stock market has made 10% return on average for the last 100 years

you should be happy to make a 10% return

Anything where you could get over 10% is going to be pretty risky, and you take a chance on losing it all.

So are you after the Lien itself or the Real or personal property? If you purchase the real or personal property the person has the right to pay up and you do get your principal back but then you can’t really sell I know the Real Property for a period of years until its been abandoned for a certian time period. These are all tricky especially with Real Estate as one would surely check what else is against the property that you as the buyer would get along with the property.

Yeah, you have to make sure it is a self-directed IRA. There’s quite a few of independent agencies that will do it for you now. A lot of brokerages don’t like it because they don’t make the commissions. If you want more information on it, read this book below that I found helpful:

Complete Guide to Real Estate Tax Liens and Foreclosure
Deeds: Learn in 7 Days [ISBN 0978834682] by Don Sausa

Or you could visit this web site, it may have relevant links:

Your quite intelligent and knowledgable for an 18 year old. Right now you can take out the real estate. Im 19 and starting investing when I turned 18 without knowing much, I have been doing research and my portfolio is up 31% past year. Stocks are certainly dangerous and risky especially due to this somewhat bear market, although gdp is 3.9. As im typing this the markets down over 300 points. Forget the tax liens too. Try investing even if you just get into a mutual fund, those should annual return rates over 10% Most importantly, don’t invest all you have, keep atleast 10-15 % if not more in cash. Hope this helps, best of luck to you

The greatest favor you can do yourself is to learn basic investing before you make a decision. There are a number of good books including Suze Orman’s or “Investing For Dummies.” Don’t take “stock tips” from websites!

I would suggest buying an index fund as the managment fees are very low and you will yield the market return which has been around 10% on average over the past 50 years.