Why I don't Like Tax Lien's Or Tax DEED Investments

Why I don't Like Tax Lien's Or Tax DEED Investments

Thanks for watching!

[ufgrcatlanta]

Yess coach keep talking down this business so the rest of us can keep making bank 😂😊

[blacca]

Trying to reduce the competition, eh "coach" Jeff... 😉

[gmhowardjr]

Please don't make comments on something you very little about. I have been investing in Tax Liens and Deeds for 8 years. I have purchased over 150 properties for an average price of $900.

[khayeelwilson-el]

Really? If you have money sitting in the bank it’s not even earning 1%, whereas you can put that same amount of money into a tax lien certificate and earn as high as 25% plus interest. Ex; A 10k tax lien certificate after the redemption period would earn you 12, 500. Depending on the state, redemption periods can go from 6 months on up. Typically, 1-2 years. The really good part is if the homeowner doesn’t pay the back taxes before the redemption period, you get the property. Then you can flip it, sell it as is, rent it or move in.

[therobotchicken]

Figure out if your state has a redemption period. If not you don’t have to worry about this. Also the quickest way around is buy the ones where the redemption period is pretty much up. 2020 deeds that didn’t sale at auction are your best bet. Get a list from your local tax collectors office and find what you’d like

[SolarProZane]

You can buy the lien after the redemption period, they’re called foreclosable liens and if not you still get better interest than any 401k or mutual fund

[unniq]

“Stay out of deeds and liens until you get experience”. 🤔 That’s like saying don’t drive a car until you learn how to drive a car. The better advice would be to start with a small investment with lower risk.

[briandeluca]

But that's the point.. you want them to redeem them. You get your money back. There isn't any risk

[angelmoreno]

well it dosent seem to bad of an investment when you realize people arent usually in it for the end game of owning a property most are usually in it for some extra money while yes the best case scenario would always be ending up with a property thats pennies on the dollar most are just fine with a 12 15 20 30 % intrest on top of their principle investment

[crazyburkey]

16 to 24% on your money is a lot better than you could ever get at the bank, and you have a chance the owner may never repay, which means you could foreclosure and sell the house, it may take a year, (under the tax lien) tax deeds you take possession immediately, and can sell the home, seems a better investment than the stock market

[honu]

That's why you do your due diligence. "Tying up your money for a year, two or three?" That's called an investment.

[esmooth]

This guy doesn't know what he's talking about (to an extent) there are counties that don't have redemption periods, which you ultimately become the owner. Once you have conducted your RESEARCH on the property, then you can go ahead and purchase the liens or deeds. Only an idiot wouldn't do their homework before making a purchase.

[jhill]

I think he is right. He is not saying there isn't money to be made, but you do need to know what you are doing, or you can find yourself in tough situations. The first thing you need to do is understand how your local government operates when it comes to tax lien and deed properties. The next thing you want to do is figure out if your investment is gonna be in the lien or is the deed your end game?

so there are two ways to invest in this type of tax investment. If you want to invest in the lien and get your money back with your guaranteed interest in a couple of years, that's great but if the owner doesn't pay their taxes, you will receive the deed instead and that's the game I'm into. the next thing you want to do is get a real estate attorney to file a quiet title lawsuit so that you can remove any clouds from the title.

[JadaTheStylist]

I think you mentioned two but only spoke on one which was “tax lien “ . It’s not as bad once you know what you’re doing !

[TMoz]

Key is.... know the guidelines in your state. 👌🏾

[dougnice]

At worst case, you’ll get the interest for your investment but maybe you’d like to keep more ppl out of the industry

[jamesalnwick]

But you get interest no matter what “I think”

[danawinemedia]

Wouldn’t you also be responsible for all the new taxes and water bills, liability etc on the house?

[hunterthompson]

I started with tax liens and so far I've made a killing. If they pay it back I get my initial investment back plus guaranteed 24% and admin costs. If they don't then I just got a house for a thousand, maybe 2 thousand dollars. I will say though make sure you check the property you are buying taxes on for existing civil liens and code violations, because you could end up with a problem property that is difficult to sell/get rid of.

[TravisBradyBrands]

Hey Jeff! I love your content! We are looking for speakers that would want to be a part of our events in Utah, Las Vegas and Arizona. Would this be something you'd be open to hearing more about?