Profit by Investing in Real Estate Tax Liens introduces an investment alternative that is safe, secured by real estate, administered by the government, involves no brokers, is enforced by state law, and gives fixed returns.
Selling tax liens or tax deeds (depending on the state) are the two ways that counties across the country bring delinquent property taxes up-to-date. This investment is one of the least publicized and safest ways of investing in real estate, designed to give the investor either a fixed return, as in the case of investing in tax liens, or a property for 10 to 50 cents on the dollar, as in the case of a tax deed sale. In most situations, the property is ultimately transferred free of any liens, such as mortgages.
Profit by Investing in Real Estate Tax Liens also debunks the common myth that tax delinquent properties are run-down and shows that liens exist on every type of property. Author Larry Loftis, an attorney and active investor, has purchased liens on properties owned by Julius ""Dr. J"" Erving, Hector ""Macho"" Camacho (world champion boxer), Chase Manhattan Bank, LaSalle National Bank, and even a building whose major tenant was the local sheriff's department!
In this authoritative guide, Loftis helps investors avoid the pitfalls while answering all the key questions they need to consider:
* What's the difference between investing in tax liens and tax deeds?
* How does an investor go about bidding at tax sales? And what is the process?
* What are the different requirements in each state?
* Where are the greatest risks in this kind of real estate investing?
For investors eager to get started, Loftis's action plan provides details on the next steps to take, while real-life examples in every chapter bring the concepts down to earth.
The Second Edition is updated and revised including:
*A new section on using the internet to purchase liens across the country.
*New and updated information for tax and other laws affecting the purchasing of tax liens.
*Updated forms, contracts, and sample letters.
Customer Review: Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time
I bought Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time and Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series (Investing Without Losing. Investing in Real Estate Liens was a better book with more detail.
Customer Review: A "must-read" of both basic and advanced tips for anyone considering investing in real estate tax liens.
Now in an updated second edition, Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time is a straightforward guide to making money through relatively safe investment in tax liens (sometimes called tax deeds, depending on one's state). Profit by Investing in Real Estate Tax Liens covers how to purchase tax liens or deeds on the Internet, the difference between tax liens and deeds, a walkthrough of the bidding process at tax sales, the requirements of tax liens and tax deeds as well as how they differ from state to state, how to protect oneself against the most threatening risks, and much more. Author and Florida attorney Larry Loftis has literally millions of dollars' worth of experience in real estate investing; he presents the ins and outs of these lucrative opportunities a straightforward, easy-to-follow terms for readers of all backgrounds. "...many properties can be bought for very low prices, perhaps for even pennies on the dollar. However, many properties are not worth buying! For example, you might buy a vacant lot that is so small it is unbuildable. Or the lot is configured in such a strange way that it is also unbuildable, except possibly for use as a parking lot. In other cases, the property might be under water or next to or part of a drainage ditch! So in tax deed investing, rule number one is always to personally view the property." A "must-read" of both basic and advanced tips for anyone considering investing in real estate tax liens. Read More
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