Free tax lien and tax deed investing course. Invest in tax liens
Uploader Comments (taxlienlady)
All Comments (24)
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@1stPlaceDirector it's A different con in the UK, same thing mind. your investing in sombody failing. if the person whom you think may fail you reap the benifits whilst they lose everything they have. Not saying if I had the money to "invest" i wouldn't do it. The band wagon is there, if you don't get on it you might be pissed if you where a starving dog at the time and didn't. But again if you don't get on that wagon then then the fat dogs get all the meat without you. 'tis life, Guilt happens.
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@taxlienlady in areas like Baltimore where people overbid for the liens, but the interest rate is calculated off the unpaid tax amount, so the actual interest earned is dismal. You should alert your students about it.
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@1stPlaceDirector her purpose is not to teach you how to make money, but to sell you a course. DUH
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@pythonjim the winning bidder at a tax lien sale gets the tax lien, they get to pay the overdue property taxes, and put a lien on the property. The reason why they would want to do that is the interest they get. Basically they are giving the delinquent tax payer a high interest loan.
The winning bidder at a deed sale, actually gets the deed to the property.
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@liftingcoach and what does the winning bidder get?
I received a brochure from one of the counties in Flordia on tax sales.
It said that contrary to what most gurus would have you believe you will
not go to a tax deed sale in Flordia buy the tax deed and leave the auction
owning the house. What really happens is the owner has 2 years to pay the
tax deed investor back and if he doesn't the investor can start the foreclose
process. Then the county will auction off the property to the public and if
you want it you will have to bid on it.
Pkomisky 11 months ago
@Pkomisky
The 1st thing that happens is a tax lien sale. The redemption period is 2 years. If in that time the owner has not paid the lien then the lien holder has to petition the court for the property to go in to a deed sale. The lien holder does not get the property. If there are other lien holders or outstanding taxes, the lien holder that petitioned for the property to go to a deed sale then pays all the other tax liens holds and the outstanding taxes before it goes to the deed sale.
taxlienlady 11 months ago
Hello, why not do a video that summarizes how well the whole business works. For example, how many tax lein purchases actually result in your obtaining of the property and how much money and time it generally costs for each failed deal where the property owner pays off his taxes and you ended up wasting a lot of time? Also, what happens when you purchase a tax lein and it turns out that there are a lot of other tax lein owners from previous years? Maybe you will need an expensive attorney then.
1stPlaceDirector 3 years ago 4
@1stPlaceDirector The whole idea of tax lien investing for many investors is not to foreclose on the property. Forget about what you may have seen in an infomercial, that very rarely happens. Most tax lien investor buy tax lien certificates for the interest they can get on their money. Where else can you get double digit returns without having to worry about the market crashing? So when the property owner pays off his taxes that is not a failed deal, it's what most tax lien investors want.
taxlienlady 1 year ago