How do I buy tax liens for real estate?
Nov 19, 2009 in
Questions And Answers
I have been seeing allot of John Beck infomercials lately on, how to buy real estate "free and clear" through tax lien certificates. It has caught my attention. How easy is it to buy real estate this way? There is obvously a catch, otherwise everyone would be doing it.
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One comment
John Rosa on November 19, 2009 at 9:12 am
John Beck’s information is correct but his delivery is a lot of marketing gimmick. Instead of paying a few hundred dollars for his system, I suggest buying a $19 book. My suggestions can be found below.
How do tax liens work:
1. Owners of real estate have back owed taxes.
2. County puts a lien on it and sells the lien to investors.
3. Investors get money back if owner pays back taxes, usually at a high interest rate of 16-18% in Arizona, Florida, and other states.
4. If the owner does NOT pay taxes, investor does not get any interest or money. But he has the option to OWN the property if the owner doesn’t pay within 2-3 years.
Why doesn’t everyone know about this? Because you need to read a lot. Learn how to find the good deals. You don’t want to buy ditches or swamps, so you need to know how to research properties. See sources below for more information.
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