Investing in buying tax liens and deeds is a business that almost anyone can start. It doesn’t require any more than motivation, a small amount of money, and knowledge of how the system works.
While we can’t help you with the first two requirements, Ted Thomas and his successful students can help you with the third one.
Get the FREE Safe Haven Investor System course ($197 value) to put your learning on the fast track.
THE BASICS OF ANY GOOD BUSINESS
As the old saying goes, knowledge is power. The more you know, the better your investments will be – whether you’re creating wealth through the stock market, opening your own storefront, or buying tax liens and deeds (tax defaulted property).
Think of your investment business as an office building. Before the walls goes up, there has to be a foundation in place. Not only is the foundation the most important part of constructing the building, it’s the hardest part to do. It takes careful planning, using the blueprints (knowledge) to create a foundation that will support the subsequent structure.
Although its importance can’t be overstated, one day the foundation will be covered up. No one will be able to see it, and it will become a forgotten part of the building. Nevertheless, the building must stand firmly on the foundation or it will crumble.
The same is true of a business buying tax liens and deeds. Your profits will speak for themselves, but no one will realize the time, research, and effort you put into creating a foundation of success.
Just remember that without those ingredients, your road to profitable investments will be a rough one.
UNDERSTAND THE PROCESS OF BUYING TAX LIENS AND DEEDS
The more comfortable you are with the process of bidding when you’re buying tax liens and deeds, the better your chances of making good buying decisions.
One of Ted’s successful students, Craig Talkington, puts it this way, “You do it once, and it gets easier every time you do it. It’s guaranteed. The worst that happens is you get your money back.”
Not only that, it gets more profitable! Recently, Craig bought a 10-acre tract of land at a Tax Lien certificate sale. It was next to a school in a bad part of town, and everyone thought he was crazy.
But Craig was crazy like a fox – he figured the school would eventually want to use it for expansion. He bought the certificate for $1,500 and later sold the property to the school system for $34,000.
Craig kept investing part time and it didn’t take long for his profits to snowball.
KNOW THE RULES WHEN BUYING TAX LIENS AND DEEDS
Each county is different when it comes to auctioning tax lien certificates and tax defaulted property. They have specific rules and particular bidding procedures. There are many bidding processes; only two are mentioned in this writing.
The bidding process at a tax lien certificate or tax defaulted property auction varies.
The two types of bidding processes are:
- A reverse auction
- Rotational bidding
At a traditional auction, bidding starts with a minimum amount, and each subsequent bid goes up.
In a reverse auction, it starts at the high point and then goes lower. This type of auction is used in the states of Arizona and Florida.
In Florida, the bidding is on an interest rate that starts at 18 percent. The interest rate gets progressively lower as the bidding continues and may go down to less than one percent.
The state of Colorado, on the other hand, uses a rotational bidding process. This means the bidders are all given a card with a number, and the auctioneer will go around the room in order from lowest to highest number asking for bids.
At some rotational bid auctions, the numbers are printed on ping pong balls and put into a big drum, much like you might see at a bingo game.
Dates and times vary widely among tax districts, too.
For instance, the state of Texas sells tax defaulted properties every month. Texas counties sell tax deeds, however the deed has an encumbrance. Texas allows the property owners to pay the investor directly and redeem the tax-defaulted property anytime within 180 days.
The owner must pay the amount of the defaulted taxes on the deed plus 25%, no matter the amount of days the debt has been outstanding.
You could easily make a tidy profit in less than 30 days, and that’s why Texas is a popular state when it comes to tax deed investing.
Obviously, there is a lot to learn about the particular rules imposed by each county and municipality – but learning them forms the foundation of your business.
Learn more about buying tax liens and deeds with the FREE Save Haven Investor System course.
GET STARTED BUYING TAX LIENS AND DEEDS
The most important thing is that you get started on your investment business. You don’t have to quit your day job. You just need to make small changes and begin to control your destiny so you have money in the future.
Ask yourself, “Is this in my best interests?” The more you learn the better your investment business will be and the more you will like it.
Buying tax liens and deeds is as safe an investment as you can imagine since it’s secured by real estate, your money protected by tax code, and tax lien certificates pay one of the highest rates of interest in the market.
Conservative investors love tax lien certificates because they’re predictable, certain and secure and sold by local government.
Tax defaulted properties are sold at physical auctions and online, and the starting bid is only the back taxes.
Buying tax liens and deeds is a lucrative business. If you know the rules and do your homework, you can reap the rewards of these safe, secure and profitable investment vehicles. It doesn’t take a lot of money to get started, but it does take motivation and knowledge.
The saying “knowledge is power” is especially true with tax lien certificate and tax deed investing. Knowledge is the entire foundation that you build upon. Whether it’s understanding the process, researching properties, or knowing the county’s rules, knowledge is power.
Ted Thomas, America’s leading authority on tax lien certificates and tax deeds, has been teaching students for over 25 years how to invest in tax defaulted property. He has both knowledge and experience and provides ample support.
Ted is famous for showing newcomers and investors how to earn 6-figure incomes within 1 year of completing his training program.
He has a team of guidance facilitators and certified coaches to help students daily. Ted offers live webinar classes to help students with research, weekly Zoom sessions to allow students to ask Ted Thomas coaches questions about buying tax liens and deeds and get expert answers, home study courses and workshops.
If you’d like to get started today and learn more about buying tax liens and deeds, here’s your chance to begin your education, and you can do it absolutely FREE.
Right now, Ted’s offering his Safe Haven Investor System course (valued at $197) to you as a gift.
Safe Haven is 2 hours of streaming videos and a 100-page illustrated manual that teaches you all about buying tax liens and deeds. So get a big head start, and get your FREE Safe Haven course today.