Earn Extra Income Investing In Real Estate Tax Liens

Passive Income From Tax Lien Certificates | PREI 105

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Other counties require an electronic payment. Bid 4 Assets contracts with California counties to conduct online tax defaulted property auctions. The auction type depends on the state and what is sold at the tax defaulted property auction. In all cases, the opening price for the tax defaulted property is set by state law. An example of another fee is a recording fee or document fee.

This is the fee charged to record the deed or certificate in the courthouse record books. When you buy a tax lien certificate, you collect interest on all of what you paid when the owner redeems the property. Tax lien auctions are one of two types: Bid Down or Straight Bid.

In a Bid Down auction, the price for the property is set and does not change. Instead, bidding lowers the interest rate the buyer is willing to accept. In Illinois, the interest rate starts at 18 percent. It does down until no one is willing to accept less interest. In a Straight Bid auction, the interest rate is fixed. The bidders raise the price they are willing to pay until no one else bids higher. In a tax deed auction, the total of the items listed above is the opening bid.

The purchase amount goes up. It is a Straight Bid auction. You get the property. You get legal title to the property after the county finishes the paperwork and sends you the deed. Recording the deed and finishing the paperwork may take a few days to several weeks depending on the county. This is just a brief introduction of how to make money in tax liens. You can learn everything you need to know to make big profits at my website, Members. Ted Thomas is a Florida-based author and publisher who specializes in tax defaulted properties.

Visitors to his website www. No credit card required.

The video lessons will give you everything you ever wanted to learn about government tax defaulted real estate which is sold at public auctions for starting bid, back taxes for 10 cents to 20 cents on the dollar. Ted Thomas shows you in 10 simple steps how you can invest in your first tax-lien certificate. Tax Lien Certificate When you buy a tax lien certificate, you are buying the right to collect the past due taxes plus interest.

Redeeming the property means the owner has to pay to you: More than 95 percent of tax lien certificates are redeemed. Tax Deed In a tax deed auction, you are buying the property. If that happens, you get your money back. Auction type The auction type depends on the state and what is sold at the tax defaulted property auction. Tax Lien Certificate When you buy a tax lien certificate, you collect interest on all of what you paid when the owner redeems the property. Tax Deed In a tax deed auction, the total of the items listed above is the opening bid.

Ted Thomas has an excellent teaching style and the weekend was jammed-packed with great info and numerous case studies, so that we truly understood the concepts. Visiting professors add invaluable perspectives and insight into their actual experience with tax deed sales. Ted has a great team supporting him, and he's always professional, prompt and prepared. An excellent seminar experience!

Very informative for those wanting to get into real estate via tax deed and tax lien sales!!! The coaching and access to resources is just incredible and has set us up for success as foreign investors fr Canada as we begin on our journey of tax liens and deeds in the US.

We value all the training - especially IBGS, success club and weekly calls. We were able to attend the 3 day course live in Edmonton in - so valuable to go in person. Best crew ever the most educational workshop i have ever attended. I attended Ted Thomas' 3 day seminar on July in Orlando. The training session was very informative about tax lien certificates and tax default deeds.

Some showed documented examples in which they successfully purchased these tax related assets and were able to make a considerable profit. Other speakers presented techniques and methods for researching property on line thru info available at the courthouse, the treasurer's office, and other government files and websites. The training was very valuable and I would recommend it to anyone who has an interest in this subject and is willing to apply the strategies that Ted teaches. Don Luis Guerra I was impressed with the quality of instruction from each one of the visiting professors.

Ted has a positive and encouraging energy in his approach and teaching style. I also appreciated the interviews of actual students and guests who have been through the program and are now using the knowledge and training and making money. Looking forward to working with the coaches and taking advantage of Ted Thomas' entire training program! Received a lot of excellent info. Developed a small network of tax folks in this area to follow up with. At first we were a little skeptical and felt this was one infra commercial. As the seminar days went on I got more and more excited about implementing what I learned.

I know with the help of the staff , coaches and technical help I can do this. I hope I will be able to go to my first buying tour in Washington this December. After attending the Ted Thomas 3-day workshop I was filled with confidence that I had made a quality decision to invest in this program. Several of us attendees discussed the different sources that had brought us to the work shop and collectively determined that Ted and this program is a one in a million high quality program. In addition, their customer service has only been of the highest quality.

They provide a great deal more educational materials and webinars than I expected. It was wonderful to meet and talk with the staff members that are highlighted in the webinar.

Not only are these down-to-earth people empowering down-to-earth people looking to increase their income, but Ted himself deserves five stars for his commitment to empowering people to increase their income by showing others how he himself made his personal income. I am convinced Ted Thomas, his team and this course is an authentic program designed to give power to anyone looking to generate income through the world of tax liens and deeds.

Jason Abbey, LMP Ted Thomas and his team are professional and passionate about this work; they genuinely care about your success. The workshop is current and well organized, if you're looking for a highly experiential and dynamic investment vehicle that's accessible to everyone, I would highly recommend the Ted Thomas orginization.

Thanks Ted Thomas and team! Absolutely well worth flying out from New Zealand to attend one of Ted Thomas' 3 day auction preparation workshops. Teaching by a very experienced group of coaches and some really relevant technical information from Kerry and especially how to research. Thanks to Ted Thomas, coaches and staff for an enlightening, informative three day seminar in Orlando. Each day, Ted and others presented useful, important information in a well organized, interesting format using a variety of presentation methods.

It was a high energy gathering where participants also had many opportunities to interact with Ted and experienced coaches. Seminar was presented in a small group approximately 50 attendees. Material was presented in an easy to understand format, and several live past client testimonials as to the success they had after attending The Ted Thomas 3 day weekend. All of the Ted Thomas folks were very friendly and were available to answer questions on a one on one basis.

I recently attended my 2nd Ted Thomas course as a refresher and in hopes of learning additional information. As I am now retired, I fully intend to put the knowledge I acquired to use immediately. Thanks Ted for a great experience! Meryle and Gerry Bedard The 3 day workshop was extremely informative. Ted Thomas and his team gave us amazing information about investing money and making money with little risk involved. This opened whole new avenue into Tax lien and Tax deed auctions that we never knew existed. We are extremely grateful to have had this opportunity to attend this past weekend in Orlando.

Just finished an intense, informative, three day course with Ted Thomas and his outstanding Team! I learned so much and will apply the tools to take advantage of this great investment opportunity. Loved the expert panels of coaches and the opportunities to glean much needed experience and wisdom from Ted Thomas experts. It was great to associate with like minded people with the same mindset. I look forward to taking it to the next level! I drove 17 hours to participate the Ted Thomas workshop in Orlando Florida.

My time is worth here. I learn a lot, from different speakers but also from Ted student who already succeeded through his program. And I met great people and a potential business partner. I noticed that Ted Thomas program is so organized,every little detail is addressed to be successful for this business.

If anyone has followed Ted Thomas education direction on tax deed sale business, the chance to fail is almost zero. Monique Van Wijngaerde This was a fun filled event with lots of information to take home. Ted make sure that you hear the same things over and over again so that it will sink into your head. He is straight forward and is willing to help you, if you are wanting to succeed. Great team to help support you and provide all the answers to questions that you have.

Amazing to have them with me on my journey to success. Thank you Ted Thomas and team. This seminar is the most exciting experience I have had in a very long time. All the instructors and staff are real quality people. Tax certificates, only two things can happen. That makes the tax lien certificate a predictable certain secure investment. Only two things can happen in a tax certificate.

You either get paid or you get the property. These things are invented a couple of hundred years ago. In life, we all know this. Certain amount of people is going to become like hermits. They get older and the kids go away and maybe the husband or wife dies and they stay in the house. Sometimes they just forget to the tax. Learn about tax lien certificates.

You can just get onto your local county. Half of the states sell the certificate.

How Much Can You REALLY Make Buying Tax Liens and Tax Certificates

How many of those are there? I could guarantee anybody that wants to go to that auction, they will find 1, to 2, properties would starting bids of the back taxes. Most of your clients like passive. Los Angeles on one side and here in Florida on the other side. In the Gulf of Mexico side of Florida, they will have annually, just that one county, which is called Hillsborough County, that one county will have 40, certificates available every year. Just in the state of Florida, one million property owners did not pay the tax.

That means all 67 counties in Florida issued tax lien certificates.

Anybody can go to the sale. Any number that you want to invest. I picked giant states to talk about simply because there are so many people in population. California, you got a big population. Then you go to Texas and you come to Florida and New York. Going back to Texas. Texas is ruthless about collecting taxes. You like that if you live in Texas because in Texas, they have an auction every month. You buy the certificate, you just raise your hand at the auction.

How the interest accrue and how is it paid? How is the interest accrue and how has it paid?

One way, it would be in Florida. Do you want to put it on your account? Do you want to put it in the bank? Where do you want the money?

How often does that happen? They might be wanting to go a little longer than that. A lot of them will be less than that. We could have a down bidding process that could bid it. I assume these percentages are all annualized percentages. These are annual rates of return. The client needs to decide where they want to buy. They all became states at different times, so there are different rules in every state and every county.

This is a county run program. All 3, counties are allowed to do what they want. They can do what they want, so a person has to learn that. Everything I tell you is general information. You could see why people would want to go to Texas. In Georgia, they have auctions every month and they pay a minimum in one day. I have a database on every auction in the United States.

We can go in there and tell you what that is, but we teach you how to do it. We have what you call a thumb drive and we can access every property in the United States from your office. The penalty that you referred to, does that go to the state or the county or does that go to the investor? All the county wants is the tax.

It takes them all day to auction and they auctioned them off and you might get paid the next day. You only realize your return once that certificate has been paid in full, right? All the counties you either to pay or you lose the property. These are not streams of cashflow. If you have a portfolio of these certificates, you might have ten of them, 50 of them or of them. The hedge fund would look at a list and on the list there would be 60, certificates.

They just want to buy multiple pages of it. Keep in mind, you live in a neighborhood, so you know that neighborhood, you know your county, you know, the adjacent counties or whatever that happens to people. They get to know that just like you would get to know real estate. You could buy all those you want. You can then look at the list, you can buy any certificate over there. I want to be out of the risk business. You go upside down.

Passive Income From Tax Lien Certificates

The other side is that people that want to buy tax defaulted property. You could start out with Chamber of Commerce information all the way through to county information all the way through to whatever certificate you want. You can watch these audits. They do the auctions online now. We can do almost all of them online. Statistically speaking, what percentage of the time does the investor end up taking back the property? If you went to northeast Phoenix, we said that was Scottsdale. Do you want something like that in your portfolio? You do have to do some research and educate yourself.

This is very similar to what we do. You want to pick the right market and then within that market you want to pick the right neighborhoods to invest in property. Same thing with tax lien certificates. Once you know that neighborhood, just keep doing them in that neighborhood. A place like Phoenix would have 20, or 30, every year is it.

Make Money in Tax Liens — Tax Lien Certificate and Tax Deed Authority | Ted Thomas

The numbers are overwhelming. When you buy your tax lien certificates, do you hope that you end up taking over the property or do you just hope it gets cashed out? There will be plenty of those.

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