Invest in Tax Liens
Don't take this advice from me...I have to admit I personally don't know a lot about
Tax Liens but
from everyone I speak with here at Trump University it seems to be a great way to get
involved in real estate investing. Many of our clients have requested that we offer a class on Tax Liens. We listened and launched a new program to deliver on this request. The
Tax Lien program is part of our Wealth Building Weekends live events.
To get a bit more info on the topic I asked our experts why investing in tax liens a good idea?
They answered with just a few of the benefits:
- Because bidding is a usual practice in investing in tax liens, the
states often provide incentives to promote bidding. For example,
Florida law guarantees a 5% minimum return regardless of the rate bid
(except if the bid is zero percent) or when the lien is redeemed.
- The maximum rate of return on a tax lien can be much higher other
investments (such as stocks). For example, the state of Florida offers
a maximum rate of 18% (1.5% per month), while Arizona offers a maximum
rate of 16%. In Iowa, a rate of 2% per month (or 24% annual return) is
guaranteed.
- And if you’re worried about collecting on your tax lien investment
- if you’re afraid of having to wait for the bank to foreclose on the
property on which you hold a lien, the majority of tax liens are
redeemed before the property is foreclosed.
So what are your thoughts on the world of tax lien investments?