The Ted Thomas Guide To Buying Tax Liens
Looking to find out more about how to buy tax liens? Then you have come to the right place…
For over 200 years local governments (county, city, township, town, parish) have helped investors make money buying tax liens (officially a tax lien certificate). When an investor buys tax liens from the government the investor is making a loan to cover unpaid delinquent property taxes, this is money the local government needs to operate and pay county employees. State laws regulate the process to protect the investor and the property owner. Depending upon the state, interest rates on tax lien certificates can pay interest rates of 16%, 18%, 36% to reward those buying tax liens. To protect those buying tax liens from risk state laws regulate how the tax lien buyer gets ownership of the property if the delinquent taxes are not paid.
Many investors have learned how to make money buying tax liens from Ted Thomas. He offers training that will help first-time or seasoned investors find the most profitable tax liens to buy and avoid costly mistakes.
The most important recommendation to make money buying tax liens is:
Before buying any tax lien, research the property which is in default to make sure the property has a value greater than the value of the tax lien. Information should be verified; it is critical to determining the value of a property. Understanding and researching properties will almost guarantee you can make money buying tax liens.
For more advanced investors there are many techniques used to find and buy the highest yielding tax liens. If your investment strategy is to own property for pennies on the dollar there are numerous strategies, sophisticated investors use; for example, seek out properties with a sale price much higher than the cost of the tax lien and a lower likelihood of the taxes being paid, resulting in the investor owning the property for pennies on the dollar. One clue that a property’s taxes may not get paid off is if the owner lives in another country.
Ted Thomas has been teaching and guiding others how to make money buying tax liens for over 25 years. Today Ted Thomas is known as America’s Tax Lien Certificate and Tax Deed Authority. In the video linked below Ted introduces one of his successful students, who explained to the audience at one of Ted’s workshops how to buy tax liens, drawing from his first hand experience making money buying tax liens.