Is there an investor of tax deeds/liens who can teach me everything that they know?
I am 15 but i DESPERATELY want to know all sorts of things about money and investing, particularly tax deeds/liens and real estate! I have a BURNING desire to KNOW!!! I have been interested in things like this for about 2 years, but have very little money there is not much I can do to learn...
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- Here is a book to get a hold of. The title of the book is: "Profit by Investing in Real Estate Tax Liens" written by Larry B. Loftis, Copyright date is 2007. Any book store can ordered it for you and I am sure Amazon.com will have it as well. If you are interested in making money then Liens are the way to go. Getting deeds means the possibility of getting the property. I lived in Illinois and I went to my first tax sale last Nov. I paid $4,161.00 for one property and placed a lien on someone's house. 50 days later I got all of my money back plus $750 in interest. Not too bad. Next year, I plan to get three liens. It takes money to make money. Get the book and read it. Also, I suggest go and visit your County Treasurer's Office at your local courthouse and ask questions. Just say to them you are working on a school assignment and they will probably help you out. Good Luck.
- Go to Barnes and Nobles and read "the 16% solution" to get an introduction into this. Tax lien and Deed investing is quite simple but you do need a little bit money to invest. You can buy Tax lien certificate s (TLCs) for as little as a few hundred dollars and make a good interest rate on them. But you also need to do some research to make sure you don't buy junk. Check out the webpage www.secretlandprofit.com. I own it but I am not telling to buy anything. Just go and read the free articles, check out the new but growing community forum, the sign up for the free newsletter about Tax Lien and Tax Deed investing as well as a third method which beats both out.
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