Discount home-entertainment online store offers unexpected financial aid to patrons.
The online store provides an informative review of the book, Sixteen Per Cent Solution:How to Get High Interest Rates in a Low Interest World with Tax Lien Certificates
Joel S. Moskowitz/ 1994.
In this wavering market investors are looking for more secure investments to put their money into. Traditionally this security was found in money markets and savings accounts that carried very competitive interest rates. Now that interest rates have plummeted down to average yields of 1.51% in Government Money Funds, 1.66% in Taxable Money Funds, and 0.94% in tax-free Money Funds investors need to broaden their horizons to find that Big Pot of Gold at the end of the rainbow. One such new ray of hope is investing in safe, secured; Government sponsored tax lien and tax deed certificates.
What is a tax lien? In most jurisdictions, when a property owner is delinquent on paying real property taxes, the county or municipality will issue a tax lien on that person's property. Certain states allow the tax lien to become the first lien on the property, which is then turned around and sold at auction as a tax lien certificate. After placing a successful bid the investor will get one of two things:
1) A state-mandated yield from the lien, which the delinquent taxpayer must pay in order to release the lien, OR
2) Title to the property (after a certain amount of time, set by the jurisdiction) if the delinquent taxpayer fails to pay up.
Due to the exceptional benefits of tax lien certificates a growing number of investors are flocking to the auction block. A fixed percentage rate mandated by a government agency, or the titles to property at a substantial discount are hard opportunities to pass up in a struggling economy.
With any investment vehicle diving in headfirst without knowing what you are investing in will surely get you a flat line on your earnings. A great investment tool for the beginning investor or the seasoned pro is The 16% Solution - How to get High Interest Rates in a low interest world with Tax Lien Certificates, by Joel S Moskowitz. Originally self-published, this amazing personal finance tool sold thousands of copies at $100 a copy! Now there is a hardback edition for $22.99 at http://entertained.vstorestuff.com, This book is one of the most informative and easy to read investment books on the market.
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