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Last fall I attend a financial workshop and learned some great stuff. Here are some of my notes on tax liens and deeds.
– exist in all states and territories
– tax liens is low risk and high returns.
– An average return might be 14%
– offer good financial liquidity: investment turnaround about nine months or money for year
– tax liens are independent from the FDIC
– misconception: founded by property tax revenue.
– Liens is investing in people’s taxes due on properties.
– Returns are mandated by state law.
– Home can be influenced by federal laws.
– Actual taxing properties:
– represents homes where the owner has a pay the taxes yet.
– Homeowner has to pay taxes if they don’t than the ownership of the home can go to the lead owner. First mortgages dropped you get access over mortgage companies.
– The house acts as collateral for my loan.
Have something to add to the list? Please put additional ideas in the comment section of this blog.