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Passive Income From Tax Lien Certificates | PREI 105

Passive Income From Tax Lien Certificates | PREI 105

FromPassive Real Estate Investing


Passive Income From Tax Lien Certificates | PREI 105

FromPassive Real Estate Investing

ratings:
Length:
20 minutes
Released:
Jun 18, 2018
Format:
Podcast episode

Description

Investing in tax lien certificates is an alternative way to include real estate in your portfolio, at least another source of income. When a homeowner falls behind on their property taxes, the county or municipality where the property is located can place a tax lien against the property. A tax lien certificate is issued usually by the tax assessor's office, verifying that there is a lien in place and the amount of taxes owed on that property by the current owner. According to the National Tax Lean Association, an amazing estimated $14 billion in property taxes goes unpaid each year. This is a pretty broad market for investors that most people don't understand. Ted Thomas explains how you can diversify a little and generate some extra cash using these tax lien certificates. Ted is a Florida-based educator, publisher and author of more than 30 books. His home study materials are international best sellers and draw clients from as far as Europe and South America. Find out how you can earn and make more money through an alternative form of passive real estate investing.

Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing.
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Investing in tax lien certificates is an alternative way to include real estate in your portfolio, at least another source of income. When a homeowner falls behind on their property taxes, the county or municipality where the property is located can place a tax lien against the property. A tax lien certificate is issued usually by the tax assessor's office, verifying that there is a lien in place and the amount of taxes owed on that property by the current owner. According to the National Tax Lien Association, an amazing estimated $14 billion in property taxes goes unpaid each year. This is a pretty broad market for investors that most people don't understand and this is something I personally have not looked into all that much. I understand it, I've looked at it, I've never pursued it, and then maybe I'll change my mind. When a property has a tax lien, it can't be sold or refinanced until the past due taxes are paid.

The lien certificate itself, however, can be purchased by you, the investor. This typically occurs through a public auction and it's organized and held by the county or sometimes the municipal tax collector’s office, but auctions can be held in person or online, which is what makes this an easier thing to do. I'm not saying it's easy, I'm just saying it's relatively easy. You wouldn't necessarily go to Zillow all the time to buy a property, but you could. If you know what you're doing, it becomes a lot easier. With certificates, they go to the highest bidder, so it's essentially an auction. My guest explains how you can diversify a little and generate some extra cash using these tax lien certificates.

If you missed our last episode, be sure to listen to Bitcoin, Blockchain And Real Estate. Oh My!

Enjoy the show!

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Passive Income From Tax Lien Certificates
It's my pleasure to welcome Ted Thomas to the show. Ted is a Florida-based educator, a publisher and author of more than 30 books. Over 75,000 clients have evaluated Ted's Quickstart Introduction in Secure Tax Lien Certificates. His home study materials are international bestsellers and draw clients from as far as Europe and South America. I've invited Ted onto the show to discuss about this lesser known form of passive real estate investing and that's what we all love because that's what I titled the show, Passive Real Estate Investing.
Released:
Jun 18, 2018
Format:
Podcast episode

Titles in the series (100)

Take the guesswork out of real estate investing. Learn how BUSY PEOPLE like you can build substantial passive income while creating wealth for the long-term. Gain expert knowledge and advice on real estate investing as Marco Santarelli (of Norada Real Estate Investments) shares his strategies and valuable insights with a special emphasis on Turnkey (done-for-you) real estate investments. Discover proven strategies for making money with real estate in ANY market and how to avoid common and costly mistakes. If you’re looking for “bigger pockets” and ACTIONABLE advice on the road to financial freedom, then this is the podcast for you! With new episodes every week, be sure to SUBSCRIBE TODAY!