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Profit by Investing in Real Estate Tax Liens : Earn Safe, Secured, and Fixed Returns Every Time :: 0793195179
Description
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| An investment alternative that gives fixed returns of 10 to 25 percent.
Profit by Investing in Real Estate Tax Liens introduces an investment alternative that is safe, secured by real estate, administered by the government, involves no brokers, is enforced by state law, and gives fixed returns. Selling tax liens or tax deeds (depending on the state) are the two ways that counties across the country bring delinquent property taxes up-to-date. This investment is one of the least publicized and safest ways of investing in real estate, designed to give the investor either a fixed return, as in the case of investing in tax liens, or a property for 10 to 50 cents on the dollar, as in the case of a tax deed sale. In most situations, the property is ultimately transferred free of any liens, such as mortgages. Profit by Investing in Real Estate Tax Liens also debunks the common myth that tax delinquent properties are run-down and shows that liens exist on every type of property. Author Larry Loftis, an attorney and active investor, has purchased liens on properties owned by Julius "Dr. J" Erving, Hector "Macho" Camacho (world champion boxer), Chase Manhattan Bank, LaSalle National Bank, and even a building whose major tenant was the local sheriff's department! In this authoritative guide, Loftis helps investors avoid the pitfalls while answering all the key questions they need to consider:
* What's the difference between investing in tax liens and tax deeds?
* How does an investor go about bidding at tax sales? And what is the process?
* What are the different requirements in each state?
* Where are the greatest risks in this kind of real estate investing? For investors eager to get started, Loftis's action plan provides details on the next steps to take, while real-life examples in every chapter bring the concepts down to earth. Editorial Descriptions are usually submitted by the manufacturers, publishers and authors. Contact us if you are one of them, and wish to change the above description. |
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Author: Guest
Interesting book with good information about states and their individual laws regarding tax lien sales. Could approach it more from a business point of view.
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Author: Guest
Without question, this is the best book on both tax liens and tax deeds on the market. Two things are clear from this book. First, this stuff does work in most states of the country. I've been able to buy both liens (last year at rates of 15-17% in Florida) and deeds. By utilizing the techniques illustrated in the book, I was able to compete effectively against the so-called "institutional" investors. Mr. Loftis teaches how to invest in their "gaps", and how to go where they don't go. (On that note, I recently saw an article in the Wall Street Journal online Real Estate Journal that mentioned getting 24% in Iowa, 18% in D.C., and 16% in Arizona. They also mentioned a guy who was making a killing in tax deed foreclosures). Second, it's clear from this book that Loftis really knows his stuff and has tons of personal examples in his book (he's not just doing academic research or trying to coax you into going to an expensive seminar or "boot camp"). I've read a lot of real estate books and about half of them are really just ads for attending their seminars. Refreshingly, this book isn't an ad - it just teaches you how to do it. How nice.
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Author: Guest
I read this book to get more information on how to do Tax Lien's in various states. The book itself was very easy to read and the author was able to create a step by step method to invest in tax liens. One think to research is make sure you can do this type of investment in your area. Where I live, Boston, does not have any tax liens. So I need to research and invest in FL. I read 2 other books on this matter and it this book was fine and enough to understand how tax lien's work and the approach to take.
Enjoy.
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Author: Guest
Overall, the book is a good resource on the mechanics of tax liens/tax deeds, how they are auctioned off, and strategies for investing through liens/deeds. Loftis' descriptions of how to successfully bid on lien/deed auctions is a very useful resource, as is his descriptions of how to calculate rates of return.
However, the book has an overabundance of photos of Loftis at various auctions, photos of liens and deeds Loftis successfully bid on, and photos of houses with liens and deeds that Loftis successfully bid on. The section on how tax liens and deeds are better investments than stocks and bonds is way too "rah rah."
Although Loftis gives many good pointers about how to successfully bid on tax liens/deeds, the biggest problem is that banks and deep-pocketed investors already know the "secret" of tax lien/deed investing. If you go to an auction, you are likely to see a sizeable number of people all working for the same bank/investors' group. That makes it pretty tough for a small investor to effectively compete in those auctions.
This book is one of the best ones in explaining in everyday terms the concepts and principles behind tax liens and tax deeds. It's shortfall, however, is two-fold: 1) the large number of cheesy pictures; and 2) the fact that at most auctions, one investor is very likely to be outmatched and outbid by banks and professional investors groups.
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Author: Guest
What there is in this book is useful, but Mr. Loftis uses up too many pages with photos of all the liens and deeds he has bought. A lot of the advice is common sense--know what you are bidding on in a tax deed auction, for example. The information about individual states is perfunctory and at least for Missouri, excluded much information (such as: Saint Louis city conducts its own tax sales, separate from the county, and it sells tax deeds. St. Louis County also appears to sell both tax liens and deeds.).
Overall, a useful book, but really only about 40 useful pages.
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