Anyone Dealing With Tax Liens Or Deeds?
- Thread starter AL GRANT
- Start date
I have a lot of experience, what kind of info do you need?
Al, tax lien investing is very much the effort, you won't hear a lot about it because it's run by the government. This means that the big wall street/financial firms cannot make any money off it by charging broker fees, so they don't have any incentive to advertise. But guess what who the largest purchasers of liens are across America? Wall Street! Your bank even probably invests in tax liens already. They pay you 5% (if that much) on a 6 month cd. They take your money, go to these auctions and purchase liens that can sometimes return 18% - 300%! Then they come back and pay you your measly 5% and keep the spread.
Tax lien investing is not hard at all, but as an investor with limited means you will need to do a lot of homework to ensure that the liens you do bid on can pay off handsomely. Trust me, it's too much to break down in the forum. I'm actually writing a book on it, should be done in a week or two. If you're interested drop me an email at stonelove_mvmt@yahoo.com
to kjxxxx, no i'm not affiliated with the sound but they are my fav sound system! Stonelove stand alone!
Tax lien investing is not hard at all, but as an investor with limited means you will need to do a lot of homework to ensure that the liens you do bid on can pay off handsomely. Trust me, it's too much to break down in the forum. I'm actually writing a book on it, should be done in a week or two. If you're interested drop me an email at stonelove_mvmt@yahoo.com
to kjxxxx, no i'm not affiliated with the sound but they are my fav sound system! Stonelove stand alone!
can u break down in simple terms how investing/brokering tax leins work?stonelove_mvmt said:
im square as a pool table and twice as green when it comes to this,
and i have a real estate background..
ok here's a rough breakdown. Every single piece of property in the USA has taxes levied against it by the local government. The govt uses this money to pay for roads, salaries for police, libraries etc. When a property owner becomes delinquent on their taxes, the govt will auction these unpaid taxes to the public rather than chase after the property owner. The govt gets their money upfront. The reward for the investor purchasing the tax lien is the interest/penalties on top of the amount of taxes owed by the original property owner. If the owner still doesn't step up to pay you back the monies you paid plus interest/penalties, you can file a motion in court for a tax deed which will give you ownership of the property. The tax lien will put you in a first position, even ahead of the mortgage company - why do you think they escrow property taxes?
It differs how the process works across USA, some states do tax liens where you purchase the certificate but you do not own the property unless the owner doesn't redeem. Some states use the tax deed method where you own the property outright but still have to give the owner a chance to redeem. Other states use a combination of both - because a state may have many counties and different counties may use either the lien or deed method.
Returns of 18 - 300% are achievable IF YOU KNOW WHAT YOU ARE DOING. Plus the sweetest thing about it is that it's 100% legal and in your state legal codes. Just google the tax codes for your state and you will see.
Like I said before, theres a lot of info and if you're really interested you might want to cop my ebook when it drops. Send me your info to stonelove_mvmt@yahoo.com. I'm not trying to pimp anyone - but trust, there's a lot of stuff you need to know. A lot of people don't know about this for obvious reasons, and even those that do have no idea what they are REALLY buying when they go to the auction until AFTER when they realize the government just sold them a drainage ditch and they have to pay taxes on that ditch from now on.
A final word, even if you don't cop my book (there's nothing else like it on the market - I hold your hand each step of the way, 100% fluff free) please make sure you get schooled by someone who knows what they are doing.
It differs how the process works across USA, some states do tax liens where you purchase the certificate but you do not own the property unless the owner doesn't redeem. Some states use the tax deed method where you own the property outright but still have to give the owner a chance to redeem. Other states use a combination of both - because a state may have many counties and different counties may use either the lien or deed method.
Returns of 18 - 300% are achievable IF YOU KNOW WHAT YOU ARE DOING. Plus the sweetest thing about it is that it's 100% legal and in your state legal codes. Just google the tax codes for your state and you will see.
Like I said before, theres a lot of info and if you're really interested you might want to cop my ebook when it drops. Send me your info to stonelove_mvmt@yahoo.com. I'm not trying to pimp anyone - but trust, there's a lot of stuff you need to know. A lot of people don't know about this for obvious reasons, and even those that do have no idea what they are REALLY buying when they go to the auction until AFTER when they realize the government just sold them a drainage ditch and they have to pay taxes on that ditch from now on.
A final word, even if you don't cop my book (there's nothing else like it on the market - I hold your hand each step of the way, 100% fluff free) please make sure you get schooled by someone who knows what they are doing.
ok here's a rough breakdown. Every single piece of property in the USA has taxes levied against it by the local government. The govt uses this money to pay for roads, salaries for police, libraries etc. When a property owner becomes delinquent on their taxes, the govt will auction these unpaid taxes to the public rather than chase after the property owner. The govt gets their money upfront. The reward for the investor purchasing the tax lien is the interest/penalties on top of the amount of taxes owed by the original property owner. If the owner still doesn't step up to pay you back the monies you paid plus interest/penalties, you can file a motion in court for a tax deed which will give you ownership of the property. The tax lien will put you in a first position, even ahead of the mortgage company - why do you think they escrow property taxes?
It differs how the process works across USA, some states do tax liens where you purchase the certificate but you do not own the property unless the owner doesn't redeem. Some states use the tax deed method where you own the property outright but still have to give the owner a chance to redeem. Other states use a combination of both - because a state may have many counties and different counties may use either the lien or deed method.
Returns of 18 - 300% are achievable IF YOU KNOW WHAT YOU ARE DOING. Plus the sweetest thing about it is that it's 100% legal and in your state legal codes. Just google the tax codes for your state and you will see.
Like I said before, theres a lot of info and if you're really interested you might want to cop my ebook when it drops. Send me your info to stonelove_mvmt@yahoo.com. I'm not trying to pimp anyone - but trust, there's a lot of stuff you need to know. A lot of people don't know about this for obvious reasons, and even those that do have no idea what they are REALLY buying when they go to the auction until AFTER when they realize the government just sold them a drainage ditch and they have to pay taxes on that ditch from now on.
A final word, even if you don't cop my book (there's nothing else like it on the market - I hold your hand each step of the way, 100% fluff free) please make sure you get schooled by someone who knows what they are doing.
It differs how the process works across USA, some states do tax liens where you purchase the certificate but you do not own the property unless the owner doesn't redeem. Some states use the tax deed method where you own the property outright but still have to give the owner a chance to redeem. Other states use a combination of both - because a state may have many counties and different counties may use either the lien or deed method.
Returns of 18 - 300% are achievable IF YOU KNOW WHAT YOU ARE DOING. Plus the sweetest thing about it is that it's 100% legal and in your state legal codes. Just google the tax codes for your state and you will see.
Like I said before, theres a lot of info and if you're really interested you might want to cop my ebook when it drops. Send me your info to stonelove_mvmt@yahoo.com. I'm not trying to pimp anyone - but trust, there's a lot of stuff you need to know. A lot of people don't know about this for obvious reasons, and even those that do have no idea what they are REALLY buying when they go to the auction until AFTER when they realize the government just sold them a drainage ditch and they have to pay taxes on that ditch from now on.
A final word, even if you don't cop my book (there's nothing else like it on the market - I hold your hand each step of the way, 100% fluff free) please make sure you get schooled by someone who knows what they are doing.
dont mind coppin your book when it drops..stonelove_mvmt said:
im always looking into new $$ makin ventures..
when is it droppin?
I'll be sending you an email also!
The book is out for all those interested. Send me an email to stonelove_mvmt@yahoo.com for more info. It guides you step by step through the whole process with some insider strategies you won't find anywhere else. Peace!
Oh and you can also read the first chapter online for free!
Similar threads
