| Title | : | The 50 State Guide to Tax Lien and Tax Deed Investing |
| Author | : | |
| Rating | : | |
| ISBN | : | - |
| Language | : | English |
| Format Type | : | Kindle Edition |
| Number of Pages | : | 256 |
| Publication | : | First published December 6, 2012 |
Tax Lien certificates pay annual returns of 10% to 36% and each dollar you invest is typically secured by $50 to $100 in real estate.
The authors of this reference guide have been investing since 1981 and are still active investors today. This is the most up to date information available period. Over 500 hours were spent researching and compiling the 50 State Guide to Tax Lien and Tax Deed Invested
The 50 State Guide to Tax Lien and Tax Deed Investing is a must have for new or inexperienced tax lien or tax deed investors. This book contains over 200 pages of information broken down state by state in alphabetic order so that it can be used as a reference guide.
Counties and municipalities have used tax lien certificate sales or tax deed sales to collect delinquent property taxes for over a hundred and fifty years.
The majority of people are not aware of this highly lucrative investment opportunity that banks, insurance companies, hedge-funds and the wealthy have taken advantage of for over 150 years.
Tax lien certificates are a first position lean placed on real estate due to non-payment of property taxes. That means that a tax lien is superior to all other liens on the property including mortgages regardless of when they were they were registered. The terms of the tax lien certificate are mandated by state statutes and very from state to state.
The state allows the property owner a grace period in which they can redeem a tax lien placed on their property by paying the delinquent taxes plus interest and penalties. The tax lien certificate investor is paid back their original investment plus the interest and / or penalty when the property owner redeems the tax lien The redemption period varies by state and ranges from 6 months in Maryland to 4 years in Wyoming. The annual interest rate on tax lien certificates vary by state and range from 10% in Colorado to 36% (Penalty) in Illinois.
Tax liens are a very low risk investment if the investor performs proper due diligence prior to investing in the tax lien certificate. Typically each dollar invested in a tax lien certificate is secured by fifty dollars to a hundred worth of real estate. If the property owner fails to redeem the tax lien during the redemption period the tax lien certificate holder is entitled to foreclose on the property. A tax lien foreclosure will give the investor free and clear property ownership for only the cost of the tax lien certificate plus foreclosure costs.
If proper due diligence is performed there are only two possible outcomes in a tax lien investment. The investor will be redeemed and make 10% to 36% per year on their investment or they will own valuable real estate free and clear for about ten cents on the dollar. About 95% of tax lien certificates on single family homes are redeemed prior to the deadline. If you want to acquire real estate below market value you should consider investing in tax deeds.
Roughly half of the states sell tax lien certificates to collect delinquent property taxes the other half sell tax deeds. The difference is really quite simple. The counties or municipalities that sell deeds place property tax liens on the tax delinquent properties, but they hold them in-house rather than selling them to investors. If the property owner fails to redeem the tax lien during the redemption period the county forecloses on the property just as an outside investor would do. After foreclosure the county offers the property to investors via a tax deed sale.
When you purchase a tax deed you are purchasing the property. The starting bids at a tax deed sale start for the amount of back taxes owed plus interest, penalties, and sales fees which amount to 5% to 20% of the market value of the property.
The 50 State Guide to Tax Lien and Tax Deed Investing completely explains the tax lien and tax deed investment process.
The authors of this reference guide have been investing since 1981 and are still active investors today. This is the most up to date information available period. Over 500 hours were spent researching and compiling the 50 State Guide to Tax Lien and Tax Deed Invested
The 50 State Guide to Tax Lien and Tax Deed Investing is a must have for new or inexperienced tax lien or tax deed investors. This book contains over 200 pages of information broken down state by state in alphabetic order so that it can be used as a reference guide.
Counties and municipalities have used tax lien certificate sales or tax deed sales to collect delinquent property taxes for over a hundred and fifty years.
The majority of people are not aware of this highly lucrative investment opportunity that banks, insurance companies, hedge-funds and the wealthy have taken advantage of for over 150 years.
Tax lien certificates are a first position lean placed on real estate due to non-payment of property taxes. That means that a tax lien is superior to all other liens on the property including mortgages regardless of when they were they were registered. The terms of the tax lien certificate are mandated by state statutes and very from state to state.
The state allows the property owner a grace period in which they can redeem a tax lien placed on their property by paying the delinquent taxes plus interest and penalties. The tax lien certificate investor is paid back their original investment plus the interest and / or penalty when the property owner redeems the tax lien The redemption period varies by state and ranges from 6 months in Maryland to 4 years in Wyoming. The annual interest rate on tax lien certificates vary by state and range from 10% in Colorado to 36% (Penalty) in Illinois.
Tax liens are a very low risk investment if the investor performs proper due diligence prior to investing in the tax lien certificate. Typically each dollar invested in a tax lien certificate is secured by fifty dollars to a hundred worth of real estate. If the property owner fails to redeem the tax lien during the redemption period the tax lien certificate holder is entitled to foreclose on the property. A tax lien foreclosure will give the investor free and clear property ownership for only the cost of the tax lien certificate plus foreclosure costs.
If proper due diligence is performed there are only two possible outcomes in a tax lien investment. The investor will be redeemed and make 10% to 36% per year on their investment or they will own valuable real estate free and clear for about ten cents on the dollar. About 95% of tax lien certificates on single family homes are redeemed prior to the deadline. If you want to acquire real estate below market value you should consider investing in tax deeds.
Roughly half of the states sell tax lien certificates to collect delinquent property taxes the other half sell tax deeds. The difference is really quite simple. The counties or municipalities that sell deeds place property tax liens on the tax delinquent properties, but they hold them in-house rather than selling them to investors. If the property owner fails to redeem the tax lien during the redemption period the county forecloses on the property just as an outside investor would do. After foreclosure the county offers the property to investors via a tax deed sale.
When you purchase a tax deed you are purchasing the property. The starting bids at a tax deed sale start for the amount of back taxes owed plus interest, penalties, and sales fees which amount to 5% to 20% of the market value of the property.
The 50 State Guide to Tax Lien and Tax Deed Investing completely explains the tax lien and tax deed investment process.
