I asked that question once and I got an answer I never expected. Real estate debts like tax liens can give you a safe and secure 18% or more. Here's an article I read:
TVPWire/FORT MYERS, FL -- Everyday, more and more investors are putting money in tax lien certificates.
Tax lien certificates are like bonds on delinquent property taxes, largely a product of the recent real estate downturn. County governments like Mohave County, Arizona are trying to curb budget deficiencies by enlisting the aid of real estate investors. By selling the tax debt at high interest rates (up to 16 percent in Arizona), they’re able to continue to provide for government infrastructures without interruption.
Schools, police, roads, and other government programs are the direct beneficiaries of tax lien sales. Without the financing that comes from these auctions, county governments would need to cut their annual budgets.
“It’s an amazing investment opportunity created by the government,” said Don Sausa, tax lien expert and author of Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days [ISBN 0978834682]. “Tax lien instruments can give you high returns, plus they help the community overall.”
With interest rates almost four times higher than CDs and market accounts, it’s no wonder tax lien auctions are becoming popular. Another reason for its popularity is because of its security. Depending on the state, if tax liens are not paid off within two to three years, investors could foreclose the property and own it outright.
“It brings in tax money that otherwise we wouldn’t get,” said Janet Baker, a county official with Mohave County. “Thankfully, there are investors out there willing to pay for other people’s taxes.”
Sample Rates of Return
AlabamaUp to 12%
ArizonaUp to 16%
ColoradoUp to 14%
ConnecticutUp to 18%
FloridaUp to 18%
IndianaUp to 15%
2007-02-07 03:50:15
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answer #1
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answered by John Rosa 3
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there are some savings accounts that will give you up to 5.25% interest such as HSBC.
Another alternative may be CDs - just ladder them if you think you may need to have access to some of the $ and don't want it tied up long term. Again shop around with banks for the highest rates. Don't worry about not being loyal to your bank - they aren't doing you any special favors.
2007-02-07 03:43:51
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answer #2
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answered by island3girl 6
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You can invest some amount from $50,000 in high yeilding saving account and other half in shares that give you high returns.To learn more about shares and stock trading check the website link below.
http://money-review-site.com/shares.html
2007-02-07 08:09:49
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answer #3
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answered by Anonymous
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a high yield savings account is the most guaranteed. You can get at least 5% without any worry
2007-02-07 03:41:06
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answer #4
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answered by Anonymous
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