Tax Lien Investing
Tax lien investing is among the BEST ways to make a steady stream of income in all markets. Like with anything you will find there's learning curve nevertheless the success can be well worth it. It is possible and not extremely tough to earn 20% or higher on your money with little or no risk if you know what you are doing.
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Basically, counties raise money by taxing property. Which means in the event the homeowner doesn't pay the exact property tax then you definitely being the lienholder get title to the residence before bank that holds the mortgage. As a result, the financial institution themselves will pay the lien off (with any interest) just to protect their investment. The best part is that the penalties for not paying these tax liens are Large. The laws vary by state however, you can readily expect to earn a safe 12-20% from these instruments.
By state statute, each county is authorized to collect the required taxes due that remain unpaid simply by selling at open public auction, either a Tax Lien Certificate or a Tax Deed.
The goal of this site is to help you discover how the procedure operates and how you can make money from it.
If this is such a good way to make massive returns consequently why doesn't everyone do it? That's what I asked myself personally right up until I started tax lien investing. After a couple of months of calling counties and getting lists of tax liens for sale, I found out that you could purchase these items on the internet in a lot of counties....the point is...it took a lot of my time and effort before I figured that out and quite a few people would've given up before that. But now, with the stock exchange down double digits already , I'm earning an average of 16% on liens in the united states. You can find 1000s of counties in the usa, and each one holds individual auctions for their own tax liens.
There are a variety of approaches you'll be able to take at this point. Read the treasurer's page on the county website and find out :
- When will the county be conducting the next Tax Sale?
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- Where will the sale happen? (Get the address, room, and time of sale)
- How do i get a listing of the Tax Liens/Properties for being auctioned? (Sometimes, the county will have copies available at their offices. Probably they'll send you to a local newspaper that prints the sale notice and list of properties or liens being sold)
- How do i get the Rules of the Sale? (The terms and conditions of the sale including pre-registration requirements and methods of payment).
