There has never been a better time in history for tax lien investing, ask anybody that's doing it!
NOW is the time for tax lien investing, ask anybody that's doing it!
During a decent economy, you can expect to get about a 90% redemption rate from the home owner. This means 9 out of 10 people pay their taxes before you, the tax lien holder, gains ownership of the house. In this instance you get your investment back plus interest back, pretty awesome worst case scenario, right?
Now fast forward to 2008!
The housing crunch has dropped the redemption rate in many markets to as low as 50%.
This is any amazing moneymaker for Tax Lien investors, we now have a VERY good chance of getting half of the houses we get Tax Liens for.
WOW!!! Before the current housing crash, I would look around for the highest interest rate assuming that I would only get one to three houses for every ten liens I bought.
But now...oh my gosh...houses are coming to me left and right!
But now...oh my gosh...houses are coming to me left and right!
Just one quick example, I bought 6 Tax Liens in the last auction in Indiana (I love Indiana because they have a 4 month...YES 4 MONTH redemption period)it's looking good for me to get at least half of them.
Just one quick example, I bought 6 Tax Liens in the last auction in Indiana (I love Indiana because they have a 4 month...YES 4 MONTH redemption period)it's looking good for me to get at least half of them. That means 50% of my Tax Liens will become houses that I own free and clear for less than $2000 each.
No matter how bad the market is I know I can find a buyer for a house that I can make a profit on by selling it for $1 more than $2000!
Best of all, if my buyer gives me a $2000 down payment on a house that I bought for $2000, I'm in a pure profit situation!!!
Best of all, if my buyer gives me a $2000 down payment on a house that I bought for $2000, I'm in a pure profit situation!!!
Your Best Bet-Rent to Own. Creative financing is never more welcome than at a time when the banks aren't loaning money, and they are not loaning much money these days.
I bet there are millions of people in America right now that would kill to rent to own a house with me holding the note. No bank involvement!
This scenario is one of the great reasons for tax lien investing, rent to own your way to wealth! If the Tenant pays off the note, good for them, they get a house for a fantastic deal.
If they don't pay their note down month in and month out, you convict them and get your house right back on the market. Again, as long as you got enough down payment from the tenant to cover your investment in the house-you are in a massive profit situation.
This is the secret to making great money from the homes your getfrom your tax lien investments, especially in a "down" economy. There are times in economic history when loans are much harder to get than other times; smarts investor take advantage of these times and can help people out of their troubles as a moral benefit.
So there you go...a very long winded way of saying your crazy not to get http://tax-lien-investing.eoltt.com and get to work investing today! There is a mountain of cash waiting for you! - 16732
NOW is the time for tax lien investing, ask anybody that's doing it!
During a decent economy, you can expect to get about a 90% redemption rate from the home owner. This means 9 out of 10 people pay their taxes before you, the tax lien holder, gains ownership of the house. In this instance you get your investment back plus interest back, pretty awesome worst case scenario, right?
Now fast forward to 2008!
The housing crunch has dropped the redemption rate in many markets to as low as 50%.
This is any amazing moneymaker for Tax Lien investors, we now have a VERY good chance of getting half of the houses we get Tax Liens for.
WOW!!! Before the current housing crash, I would look around for the highest interest rate assuming that I would only get one to three houses for every ten liens I bought.
But now...oh my gosh...houses are coming to me left and right!
But now...oh my gosh...houses are coming to me left and right!
Just one quick example, I bought 6 Tax Liens in the last auction in Indiana (I love Indiana because they have a 4 month...YES 4 MONTH redemption period)it's looking good for me to get at least half of them.
Just one quick example, I bought 6 Tax Liens in the last auction in Indiana (I love Indiana because they have a 4 month...YES 4 MONTH redemption period)it's looking good for me to get at least half of them. That means 50% of my Tax Liens will become houses that I own free and clear for less than $2000 each.
No matter how bad the market is I know I can find a buyer for a house that I can make a profit on by selling it for $1 more than $2000!
Best of all, if my buyer gives me a $2000 down payment on a house that I bought for $2000, I'm in a pure profit situation!!!
Best of all, if my buyer gives me a $2000 down payment on a house that I bought for $2000, I'm in a pure profit situation!!!
Your Best Bet-Rent to Own. Creative financing is never more welcome than at a time when the banks aren't loaning money, and they are not loaning much money these days.
I bet there are millions of people in America right now that would kill to rent to own a house with me holding the note. No bank involvement!
This scenario is one of the great reasons for tax lien investing, rent to own your way to wealth! If the Tenant pays off the note, good for them, they get a house for a fantastic deal.
If they don't pay their note down month in and month out, you convict them and get your house right back on the market. Again, as long as you got enough down payment from the tenant to cover your investment in the house-you are in a massive profit situation.
This is the secret to making great money from the homes your getfrom your tax lien investments, especially in a "down" economy. There are times in economic history when loans are much harder to get than other times; smarts investor take advantage of these times and can help people out of their troubles as a moral benefit.
So there you go...a very long winded way of saying your crazy not to get http://tax-lien-investing.eoltt.com and get to work investing today! There is a mountain of cash waiting for you! - 16732
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