This seems to be a bullet proof way to make money it is a win win situation. The only thing you have to do is use due-diligence and you can be very successful. Why I say this is a win win situation is that you are paying for tax lien certificates and you get these through the county. There is a percentage on all of these liens and they range from 12% up to 39% depending on the state you are getting the tax lien certificates from. The bank can not even come close to giving you them rates at 39% you can almost double your money in 2 years. Now you ask what if they don't pay for there taxes. Well this is how that works.
All states are different but we will go with a normal circumstance say you get a 25% state you will collect that money if paid. They have two years to pay it like I said that is how most states work if the pay it in two years you will have collected 25% for the first year and another 25% for the second year. Now if they do not pay then you receive the property free and clear a clear title. It does not matter if that house has a mortgage or anything against it not even if the IRS has a lien against it. That is right all liens are null and void. The beautiful thing is that the county does all the work sending the letters and if they get no response you own the property. Lets say the bank steps in and pays it off well that is fine too it don't matter you still get your 25% check from the county for each year. This is why I say it is a win win citation and as long as you do your due-dilligence everything should be great.
Well got a lot more to say but don't want to take up all your time in one post hope to see you all soon.
Calvin
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