The Complete Guide to Investing in Real Estate Tax Liens & Deeds: How to Earn High Rates of Return-safely

Sprednja platnica
Atlantic Publishing Company, 2006 - 319 strani
Purchasing tax lien instruments from city, county, and municipal governments can provide you with very high and secure rates of return, in some cases as high as 12%, 18%, 24%, or even 1,000% or more per year. If performed correctly, investments in tax lien instruments will far outpace stock market performance, even traditional real estate investments. The key is to know how to perform this process correctly. Tax lien certificates and deeds are not purchased through a broker; you purchase these property tax liens directly from the state or county government (depending on the state). This type of investment was created by state law, and state law protects you as the investor. Investing in tax liens and deeds can be very rewarding. Tax liens can be tax deferred or even tax-free. You can purchase them in your self-directed IRA. Interest rates vary but average between 4% and 18%. The interest rates are fixed by local governments, essentially a government-guaranteed loan. Additionally, the investment is secured by real property (real estate). This sounds great, but what is the catch? There really is none, except you must know what you are doing! This groundbreaking and exhaustively researched new book will provide everything you need to know to get you started on generating high-investment returns with low risk, from start to finish. You will learn what property tax liens and tax lien certificates are; how to invest in tax lien certificates; how to buy tax lien certificates; insider secrets to help you double or even triple your investment, how to start with under $1,000; the risks, traps, and pitfalls to avoid; and a detailed directory of states that sell tax lien certificates with contact information. In addition, we spent thousands of hours interviewing, e-mailing, and communicating with hundreds of today's most successful investors. This book is a compilation of their secrets and proven successful ideas. If you are interested in learning hundreds of hints, tricks, and secrets on how to purchase tax liens and deeds and earn enormous profits, then this book is for you.
 

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Izbrane strani

Vsebina

Limited Liability Company
98
Real Estate Investment Trust
99
Partnership Agreements
100
Contributions
101
Distribution of Profits
104
General Management
105
Sale and Assignment
106
Loss of a Partner
107

The Annual Tax Sale
25
Registration
26
Meeting the Schedule
29
Keeping Pace
30
Restrictions on Bids
32
Opportunities to Invest
33
OvertheCounter Sales
34
Online Auctions
35
Payment
36
Obtaining Deed
39
Delinquent Properties
43
SingleFamily Housing Units
44
Homestead Properties
45
Trust Deed
47
Vacant Lots
48
Abandoned Properties
50
Bidding on Tax Lien Certificates
53
Bidding Up the Premium
54
Bidding Down Ownership
56
Bidding Down Interest
58
LateEntry Bidding
59
Noncompetitive Bidding
60
LotteryType Methods
61
OvertheCounter Tax Certificates
66
Income and Growth Potential
69
Risk Factors
70
Market Risk
72
Safety Risk
73
Liquidity Risk
74
Overhead
75
Investing in Tax Lien Certificates
77
Ownership Before the Tax Sale
78
Ownership After the Tax Sale
82
Investors
85
Obtaining Investment Dollars
89
Retirement Programs
95
Partnerships
97
Return on Investment Dollars
109
Interest Rates
110
Percentage Yield
112
Flipping
119
Assignment
120
Steps Toward Purchasing Tax Lien Certificates
123
Understand State Laws and Procedures Governing the Taxing Municipality
124
Eliminate States That Are Not Likely to Have Certificates Available for Offer
129
Seek OvertheCounter Lien Certificates in Order of the Oldest to Newest
137
Determine the Bidding Systems Used
141
Bid Where the Bidding Process Does Not Significantly Affect Price
144
Desirable Competitive Premium Bidding
145
Desirable Bidding Down of Interest Rates
149
Desirable FirstCome FirstServed Bidding
150
Undesirable Bidding Down of Ownership
151
Undesirable Random Selection Bidding
152
Acquire the Listing of Delinquent Properties
153
Determine Properties Less Likely to Be Redeemed
155
Tract Indexing
161
GrantorGrantee Indexing
162
Making Use of Tax Lien Certificates
171
Collecting Redemption Amounts
173
Lien Priorities
175
Foreclosing Unredeemed Properties
181
Administrative Filing of Foreclosure
182
Force of Sale Foreclosure
185
Quiet Title
187
Bankruptcy
188
Destruction
192
Unlawful Detainer
197
After Foreclosure
198
State Laws
201
Bibliography
255
Glossary
257
Index
317
About the Author
320
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