Phil C. Senior - Your Great Book of Tax Liens and Deeds Investing--The Beginners Real Estate Guide to Earning Sustainable Passive Income

Your Great Book Of

Tax Liens and Deeds Investing

The Beginners Real Estate Guide To Earning Sustainable Passive Income

Phil C. Senior

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References

Introduction

I f youve picked up this book, chances are that youve heard someone mentioning something about tax liens or deeds at a real estate seminar. Tax liens and deeds are mythical figures of real estate investment. Everyones heard a little bit about them here and there, but when it comes to actual experience with them, more people seem to have sighted Bigfoot.

This book is going to introduce you to the profitable world of tax lien investing. One of the things that makes this topic difficult to understand is that there are a variety of rules and regulations in the United States surrounding this form of investment. Each state has its own way of doing things and the dynamics of how sales work also differ from one county to the next.

Then there are the laws. Every real estate investor needs to be up to speed on the laws surrounding their investment, but they take a special meaning when it comes to tax liens and deeds. You need to conduct your research thoroughly, and for the beginner investor, it will seem as if there are a million things to take care of.

Well, this is where this book is going to help you. If youve ever wondered how you could earn a steady rate of return on your money without undertaking huge financial risks, then tax lien investing is the right choice for you. Tax deeds are slightly different instruments, and they do require a higher financial outlay.

However, they offer the savvy investor an opportunity to buy properties at rates far lower than what theyre worth. If youre the kind of investor who loves buying foreclosures and REOs (Real Estate Owned - typically by a bank or a government entity), then tax deeds will be a natural fit for you. Best of all, you could stand to make even more.

The first question that people ask is, if tax lien and deeds investing is so profitable, how is it that no one seems to have heard about it? Quite simply: Competition. Tax liens and deeds are sold by states through auctions. The more investors there are present at these auctions, the greater is the chance that everyone is going to have to settle for a less lucrative deal.

After all, everyones going to bid the prices down. The second reason is that the big boys themselves are in on the action and there isnt much room for a broker or a middleman to make money. Think about all the advertisements youve encountered over the years in the industry. Chances are, all of them were offering you a middleman service, or something connected to you having to part with your cash.

Theres no such room in this investment arena. As a result, tax lien investing hides in plain sight.

Why Liens?

S o why should you invest in these forms of real estate? After all theyre just pieces of paper. For starters, how does securing the right to the property before a mortgage sound? This is just one of the many advantages that liens and deeds offer their investors. A lien on a property is senior to all forms of debt - including mortgages. The only exception is if the county places a health-related lien on the property.

However, as an investor who holds the tax lien (or deed) on the property, youre the senior creditor. This is why banks themselves invest in tax liens prolifically. Some of the biggest investors in these instruments happen to be institutions.