tax lien investment guides

Posted by Jim | Posted in tax lien investment guides | Posted on 18-06-2010-05-2008

0

Are you absolutely clueless about tax liens, real estate notes, or paper mortgage notes in general? I can help you!
Real estate is a hard business. Long delays, waiting, patience of the gods, huge capital requirements (ie. money down and upfront), and severe maintanence upkeep make managing and thriving in real estate one of the most challenging businesses to succeed in. It’s a miracle anyone makes income from it and doesn’t go insane. One way to get around the above problems is to deal in paper real estate, which includes tax liens, real estate notes, or any similiar mortgage instrument. You own a certificate not unlike a stock certificate or CD from a bank except that you are paid a lot more money and are secured by actual real estate property (homes, malls, shopping centers, land, etc.). If this is much easier and cheaper to do, why don’t more do it? Simple, because there is one problem with it, and that is it takes time to do (patience). Real estate naturally has a long turnover rate, even for foreclosures or delinquencies. The easiest of the bunch, and hence the fastest, is still real estate paper. There are many guides, free and paid, out there that teach you the process but most leave you gaps to fill out for yourself (bad) and yet others tell you this can be done online (true) but don’t tell you what websites do the listing and buying/selling for you (the real secret, which is what you paid for!).
One little known guide I know of that teaches you everything and then tells you the websites to log on and check (government websites of state, federal, and county) for cheap property online is the “Tax Liens Made Easy” ebook and ecourse. It’s got it’s share of pro’s and con’s which I explain below.
The Pro’s of this guide are:
1. Easy and simple to read with organized chapters, charts, examples, and pictures.
2. Includes websites (free and paid) that catelogue’s the entire United States databases of delinquent and foreclosed properties, which are pulled directly from state, local, and federal websites and data centers.
3. It actually is as cheap as it claims to be (meaning you really do only spend $100-$3000 per property lien).
4. The price of the ebook is fairly cheap (which becomes a problem later, see cons below).
5. Success turnaround can be as fast as 1 week or 30 days depending on your luck.
6. You’ll be helping the IRS and local + state governments earn income (may be a bad thing).
7. Anyone can do this. Requires only a basic laptop and internet connection.
The Cons Of This Guide Are…
1. The price should be $1,000. I think it’s dangerous that too many people have the ability to buy this course for cheap and hence raise competition. Luckily most people do not buy the guide so competition is always minimal, but I like staying safe.
2. Helping the IRS make money. The US government will love you because you’re helping them get badly needed cash dollars to run services like the post office, roads, or courts. Also you will be helping to provide affordable housing to people (which is the U.S. government’s primary motivation besides taxes) by getting these unused homes into use as fast as possible. If you despise the American government this may be a turn off. On the other hand, getting on the government’s good side grants you tax credits and favorable treatment. Providing housing can also alleviate any conscious problems.
3. Too much money to be made. With more money comes more taxes. Even though there are many legal tax loopholes, credits, and deferrals, paying taxes is always a pain. You’ll be paying more with the millions of dollars you will make from this course.
4. I hate waiting. Often, you will be dealing with the government, and the government is SLOW. It can take a while before deeds or property is transferred to you.
5. Many homeowners pay back the taxes with interest. Instead of taking over the homes for cheap, the homeowners pay their back taxes with 16-50% interest. So many times you will get your money back plus 16%-50% interest (return) on investment. Not too bad but I still rather have the big house.
6. Could fix some of the spelling typos here and there, which is a common problem amongst successful real estate investors. I bet Donald Trump & Robert Kiyosaki has a team of proofreaders to fix all their little grammar and spelling mistakes.
The Overall Verdict…
It’s a great money making course in real estate paper and tax liens. With 2 million homes in foreclosure at any given time, this means the government needs 2 million tax lien purchases from investors like you to keep things going. You need to help lower taxes and provide affordable housing for people by buying and using this course right now. You won’t regret it.