Can anybody can tell me something more about "buy tax lien certificates", it is a good idea. Thanks?

Answer 1

I bought tax leans 20 years ago.

Here is my experience.

After researching the property and paying the lein, I would be redeemed by the homeowner about 2 weeks later when they received a notice from the county assessors that their taxes were paid by an investor and they were paying that investor 16%

So after 2 weeks of work, I made about $50.00 in interest.

NOT worth the effort, in my opinion.

Good Luck

Terry S.

http://www.Welcome2Arizona.com

Answer 2

When you purchase a tax lien, you are, in effect, paying off the delinquent property taxes on the property in question, and get a lien in return Laws in various states vary widely on how tax liens can be redeemed by the current owner of the property. In some states, the owner has up to a year to redeem the property (pay off the lien), and you are stuck with a measly 4% return, under law, for your investment.

Investigate thoroughly before you jump into this one.

Answer 3

Investing in tax liens can be a really good investment if you know what you are doing. It isn't as easy as it sounds. I suggest reading several books on the subject before jumping into it. Check on amazon under "tax liens" and then see if those books are available at the library if you don't want to purchase them.

Answer 4

If you have plenty of capitol and plenty of time they are not so bad. You buy the lien, in other words the debt. After that it is you that is owed the money and the interest (which is high). The problem is collecting, often you will not be able to collect until the property is sold.

Answer 5

that's an straightforward plan, yet you will desire to be corrupt with a view to make certain it by way of: a million. Wait till people get extremely pissed at gasoline, while it is like 5.00 a gallon. 2. decrease it your 32 cents to 4.sixty 8 a gallon. 3. Have the medias talk approximately how large that's to have 32 cents of gasoline-tax knocked off. 4. Have people exclaim with exhilaration over the 32 cents they are saving. 5. neglect with regard to the fact that 4.sixty 8 cents is actual greater effective than what every physique is paying for now. The regulation of the recent worldwide Order is that this: each time implementing corruption upon a individual, the least puzzling thank you to try this's for the folk you're ruling to call for it!

Answer 6

why would you want to buy a lien on a house? well i suppose this is just a scan... most liens on propertyies are from mortgage company or some other debt-based service...