Ted Thomas' New Educational Video Explains: 'When Investing in Tax Lien Certificates - You Either Get Paid or You Get the Property'
Merritt Island, FL (PRWEB) July 30, 2013 -- More than 1,300 counties across the nation collect property taxes and when those taxes aren’t paid, the tax authority will conduct either a tax lien auction or a tax deed auction. “These auctions are a huge source of profit for investors,” explains Ted Thomas in his new video.
“When you invest in tax lien certificate you are investing in a certificate for the past due taxes and you are not buying the property, your investment is guaranteed by state law. More than 95 percent of tax lien certificates are paid off before the redemption deadline.”
That five percent or less puts investors as the owner of the property. Mr. Thomas said, depending on the auction, some properties are turned over to the buyer immediately. Some must go through a redemption period and have a foreclosure.
“Either way, an investor gets a significant return on his principal. He either draws interest or winds up owning the property,” he said. “For people interested in owning the property, tax lien auctions are not the way to go. Instead, the tax deed auction puts the property into your hands immediately. Once you have the property, you can decide to keep it and use it for yourself, sell it for a profit or rent it for continuing income.”
Because the tax debt attached to the property is a small fraction of the real value of the property, an investor can expect to sell a tax deed-claimed property for several times what was initially invested.
“If you spend $2,000 on a $75,000 property, you can sell it for $20,000 in very short order and turn a handsome profit. Of course, you may decide to sell it for more, all the way up to the full market value, but that kind of sale could take a bit longer depending on how hot that market is,” he said.
He put it another way.
“Would you be willing to drive five hours and spend $5,000 to make $10,000 or more? You can with tax deed investing,” he said.
“Nothing is certain in life except death and taxes and both are going to happen,” Mr. Thomas said. “When you invest in tax defaulted properties at a tax deed auction, you are paying the government what it is owed in the back property taxes. You get the property. The government tax lien usually sets aside all other liens including mortgages. In most states, it doesn’t matter how much the owner owed the bank, the mortgage is wiped out.”
Ted Thomas explains in further detail tax lien certificate and tax deed investments in a video series on his website. Ted Thomas has taught thousands of people the path to maximum profits with minimum investment. His best-selling book, “Introduction To: Investing in Secured Tax Lien Certificates” has sold more than 50,000 copies.
Ted Thomas, Jones and Trevor Marketing Inc., http://www.tedthomas.com/step2/, (321) 449-9940 229, [email protected]
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