Tax Sales and Tax Liens - Pros and Cons of Investing in a Tax Sale/Lien

[ydolla2k]

Thank you I loved your video. Helped me decide to become a tax lien investor

[Subnbellle]

i'm seein' a loophole here. get limited power of attorney from the current homeowner making you the owner when you claim the difference between the county taxes & expenses, (auction costs the owner incurred, interest, etc.) negotiate a $ amt or % of the usually unclaimed $ you're gonna claim as the "homeowner." cash the check, fork over their cut, toss the POA in the toilet, flush.. you both got paid, they have their house, and you're free of any future expenses. (how'm i doin' here?) BAM?!?!?

[onlinemom111]

Love your video it seemed to really release most of any doubts I would have. I would gather have a decent bank account to be prepared for any unknowns but the recommendations to do your research on the property really helped as well. Send any other info you think would help. oh yes Do you have to have any special licenses to do this activity.

[ministermiguelt]

great stuff Frank ! This is good stuff.

[HEEKTA]

THANK YOU SOOOOO MUCH FOR SHARING THE PROs & CONs of tax sales/liens...NO ONE TELLS THAT PART...THANK YOU SO MUCH FOR THE MUCH NEEDED INFORMATION TO TRIGGER THE RESEARCH. DO YOU HAVE A PODCAST......THE INFORMATION ON TA LIEN IS SO HELPFUL

[reiclub]

@HEEKTA - We actually do have podcasts for REIClub. You can find us on iTunes.

[HEEKTA]

THANK YOU SOOOOO MUCH FOR SHARING THE PROs & CONs of tax sales/liens...NO ONE TELLS THAT PART...THANK YOU SO MUCH FOR THE MUCH NEEDED INFORMATION TO TRIGGER THE RESEARCH.

[asiya72]

Great Video!

[MrFrenchfriesman]

man u r the coolest bloke on earth !!!! i think i have a shot @ doing this cause some1 invited me 2 a seminar about tax liens that 's how i know about this.

[MrFrenchfriesman]

what if i live in Australia do i still have a shot cause it 's hard 2 manage ur property and paperwork overseas.

[reiclub]

@MrFrenchfriesman - I wish i could be of more help, but i'm not too familiar with overseas management. Let me see what I can find out for you.

[LubashaStore]

Remember about competition. That will bring your chances to profit maybe to 10% if you lucky. And you have chance to hit the trap at least in 50% of tax sale inventory.

[HandsomeDee92]

im a aspiring real estate developer, but the last thing I want to do is make costly mistakes. So, would you recommend me to work for a real estate agency first?

[deicidaldemon]

enjoyed. good info

[seekout123]

Who knows what states still do tax lien certificates? I used to do it in Michigan but they changed to a tax sale/auction method. I want to buy tax liens.

[aslangroudi]

I don't get it....could you perhaps use some numbers to illustrate a typical tax sale for 100k or some way to make it clearer how these properties are sold for such a discount at 30-60 cents on the dollar? Perhaps when you add that 30-60 cents to the existing loans it is typical to the price of buying other deals on the market? Thanks in advance for any help.

[reiclub]

@aslangroudi - We actually have a TON of articles on our website that cover Tax Sales/Foreclosures. I guarantee you will find your answer there. If you use the "search" feature in the top right, simply type in "Tax Lien Articles" or "Tax Foreclosure Articles". Thanks for your question!

[01countrydude]

Thank you! Information very helpful, As i am starting my investment co ,Specializing in realestate. You seem to hit on all the main topics that are essencial in forming my company! thank you ,And keep up the good work!  WINSTON PROPERTIES, Byron New York!

[ItsAMiracleNatrsOil]

Boy he talks fast! Better get your pens and paper out before clicking Play! LOL! Lots of GREAT Info in a short time! And I was right there with you!! I understood it all! Feeling more confident in my future career in Real Estate!=Thanks!

[aturner5841]

looking forward to watching a great webinar tonite! you guys are very informative!

[DancingSpiderman]

Thanks for your excellent description of the Pros and Cons of Tax Liens & Tax Sales, FRank.

Heyyyy, I like your shirt.... is that a Tommy Bahama?

[reiclub]

@DancingSpiderman - It's actually a thrift shirt.(Arizona Brand?) I like to go thrifting in Austin. You find some really fun shirts for a great price!

[indamoment1]

Great info! I'm in Michigan so i will be looking into this niche asap!