![]() "Your Online PR and Free Content Source" Submit Your Articles, Press Releases, and Books/Ebooks, Get Free Content |
|
Featured Books
Tax Lien Investing
Tax Lien Investing For Everyone
|
Don't Buy Tax Lien Certificates Until You Read This!by Joanne Musa Send Feedback to Joanne Musa tax lien certificatesMore Details about tax lien certificates here.
Books by this Author
First you have to understand that tax sales are auctions and in most state those extremely high interest rates are bid down to extremely low rates. Why would investors do that? It’s simple, sometimes there are other penalties that they will get should the lien redeem. In New Jersey for instance the penalty is between 2-6% depending on the amount of the lien. In Florida there is a penalty of 4%. Also once you own the lien, you can pay the subsequent taxes and get the maximum interest on that.
Secondly, you must understand that there is no guarantee that you will get paid on your lien. Of course if you don’t get paid, you can foreclose once the redemption period is over. But no one guarantees that you will be paid! What these gurus mean when they say that tax liens are “government guaranteed” is that the laws are on your side. If you don’t get paid you can eventually foreclose on the property. The only thing guaranteeing your investment is the property! That’s why I don’t recommend investing in tax liens through the mail or online. Would you buy property that you didn’t see first!
When you buy a tax lien certificate, even though you are not purchasing the property, there is always the chance that the lien will not redeem and you will have to foreclose on the property. What if the property is worthless? What if it is an unbuildable piece of land? Then you are stuck with a worthless piece of property that no one will want to buy from you and if you don’t continue to pay the taxes on it, it will eventually revert back to the county that sold it to you.
Yes, there are risks involved in tax lien investing and no, it is not a sure thing. It is however an excellent way to invest your money if you know what you are doing. If you are contemplating buying a program to learn how to invest in tax lien certificates or tax deeds, beware! Don’t buy an e-book, coaching program, or a course from someone who candy coats the business of investing in tax lien certificates and tax deeds and makes it sound like you can’t fail and there are no risks. The truth is that you can fail and there are risks to avoid. Instead buy one of these products from someone who tells you what the risks are and how to avoid them. This will give you a better chance for success in buying profitable tax lien certificates and tax deeds.
Joanne Musa works with investors who want to reap the rewards of investing in profitable tax lien certificates and tax deeds. Her tax lien investing articles appear all over the Internet. Tax Lien Lady’s Member’s Area is designed to help you navigate though the steps to building a profitable portfolio of tax liens or tax deeds. With 3 full courses, dozens of videos, and monthly webinar training, you’ll quickly move forward on your journey to tax lien investing success! Join us at www.TaxLienLady.com/Membership.htm
Keywords: tax lien certificates, tax lien investing, tax liens This article has been viewed 415 time(s).
Does this article infringe on your copyright?
IdeaMarketers.com
|
|
SheLovesGod
| Books
| Create A WOW
| I Am Joyful
| SyndicatedWriters |
ReadyToPublish |
EzineBuilder |
Good News |
LocateACoach
|
|
Media Room -
For Writers -
Writer Signup -
Get Content -
Info Desk -
About
IdeaMarketers is a Project of Pehrson Web Group |
Please Note: IdeaMarketers is a free-forum where
anyone may sign up for a free writer account or publisher account and post. It is always up to the
discretion of the visitor to decide about anything mentioned on the service. We do not personally
endorse any company, person, product or service listed on our site unless we explicitly say we are endorsing them.