I just returned from teaching another successful course on tax deed investing in Houston, TX. It’s always amazing to me to see how many people show up to the tax deed auction, not having done their homework but still expecting to get the great deals that auctions can provide. Though the process can be lucrative, it can also be be risky if investors don’t research first and learn what the many pitfalls are with lien and deed investing. You can invest in tax liens and deeds to realize significant returns, but you need to know exactly what you are getting yourself into. Here are some tips to help you reduce the risks of investing at tax deed auctions.