Tax Lien and Tax Deed Investing

The Proven Technique

Thomas J. Senatore

• Publisher: Christian Faith Publishing, Inc.
• Year: 2020
• ISBN:
  9781098006051
• Topic: Business
• Subtopic: Sales
• Index: Business

Tax Lien and Tax Deed Investing, The Proven Techniques was written to encourage those who may have heard of this technique to learn more to become an educated investor. With a little bit of knowledge, some examples of transactions and seeing how it was done could just be what the reader needs to take a chance and some risk to make a bit of money.With giving a clear and concise image of what actually tax lien and tax deed investing is and how to carefully navigate the process, the reader will be given a chance to make amazing profits. With tax lien and tax deed investing, you have the opportunity to make up to 36% interest each year. When most people find a letter from the tax collector in their mailbox, it usually is a bill, but for the tax lien investor, it will be check after check made payable to them. To even add a bonus, if the tax lien was purchased inside their self-directed Roth IRA, all profits would be exempt from income taxes.With every state holding a tax lien auction or tax deed auction, we show the reader how to win a property and pay pennies on the dollar. Imagine attending an auction, and you end up the winning bidder and now are the proud owner of that beautiful home and you only paid 15% of the value. What if you paid 50% of the value and now you have a home you can live in with 50% of the value as profits? Now many of you reading may not have the cash and are afraid this is only for the rich people. Well put that thought aside because the first deal I got into, I found an investor to put up all the money.

Chapter 9

State by State Directory

Legal disclaimer: The following information was taken from several sources and should not be taken as legal advice or in place of advice from your local real estate or tax lien attorney. You should still check with your tax collector in the county in which you will be investing your money into tax liens and tax deeds.

Tax Lien States

Alabama

Arizona

Colorado

DC

Illinois

Indiana

Iowa

Kentucky

Louisiana

Maryland

Mississippi

Missouri

Montana

Nebraska

New Jersey

Oklahoma

South Carolina

South Dakota

West Virginia

Wyoming

Tax Deed States

Alaska

Arkansas

California

Connecticut (r)

Delaware (r)

Georgia (r)

Hawaii (r)

Idaho

Kansas

Maine

Michigan

Minnesota

New Hampshire

New Mexico

North Carolina

North Dakota

Oregon

Pennsylvania

Rhode Island (r)

Tennessee (r)

Texas (r)

Utah

Wisconsin

Vermont (r)

Virginia

Washington

(r) indicates that is a redeemable deed state

Tax lien and deed states (aka hybrid states)

Florida

• Liens held once a year.
• Deeds are held monthly; no redemption.

Massachusetts

• Liens may be sold by bulk sales once a year.
• Deeds are held year round, with redemption.

Nevada

• Liens held once a year on special assessments.
• Deeds are held monthly; no redemption.

New York

• Liens held once a year, mostly at private auctions.
• Deeds are held year round; no redemption.

Ohio

• Liens held once a year, mostly at private auctions.
• Deeds are held year round; no rede...

Table of contents

• Tax Lien Basics
• Due Diligence Made Easy
• Seven Myths of Tax Lien Investing
• Obstacles and Delays
• Strategy During Process
• The Profit Process
• Four Easy Steps
• Develop Your Team
• State by State Directory