There has never been a better time in history for tax lien
investing, ask anybody that's doing it!
This economy has made getting a from a house from your Tax lien
investment much easier, folks just aren't paying their taxes and
the banks are SO heavy in foreclosure inventory that it financially
behooves them to write off the note and let the property go!
During a good 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 wonderful 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 turn for Tax Lien investors, we now have a VERY
good chance of getting half of the houses we get Tax Liens for.
WOW!!!
Back before the current housing crash, I would shop for the highest
interest rate assuming that I would only get one to three houses
for every ten liens I bought.
Huge governmentally secured interest rates and a few house seemed
like the smartest thing I could do with my money...it grew fast!
But now...oh my gosh...houses are coming to me left and right!
Not only am I still getting my huge interest rates, but now a ton
of my liens are "magically" becoming houses.
Just one quick example, I bought 6 Tax Liens in the last auction
inIndiana (I love Indiana
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 bet 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!!!
Your Best Bet-Rent to Own
Creative financing is never more welcome than at a time when the
banks aren't loaning money.
I bet there are millions of people inAmerica
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 total profit situation.
This is the secret to making great money from the homes your get
from 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 investors 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 you’re crazy not
to visit Here and start investing today!
investing, ask anybody that's doing it!
This economy has made getting a from a house from your Tax lien
investment much easier, folks just aren't paying their taxes and
the banks are SO heavy in foreclosure inventory that it financially
behooves them to write off the note and let the property go!
During a good 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 wonderful 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 turn for Tax Lien investors, we now have a VERY
good chance of getting half of the houses we get Tax Liens for.
WOW!!!
Back before the current housing crash, I would shop for the highest
interest rate assuming that I would only get one to three houses
for every ten liens I bought.
Huge governmentally secured interest rates and a few house seemed
like the smartest thing I could do with my money...it grew fast!
But now...oh my gosh...houses are coming to me left and right!
Not only am I still getting my huge interest rates, but now a ton
of my liens are "magically" becoming houses.
Just one quick example, I bought 6 Tax Liens in the last auction
in
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 bet 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!!!
Your Best Bet-Rent to Own
Creative financing is never more welcome than at a time when the
banks aren't loaning money.
I bet there are millions of people in
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 total profit situation.
This is the secret to making great money from the homes your get
from 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 investors 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 you’re crazy not
to visit Here and start investing today!
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