What are the pros and cons of Tax Lien Certificates and Tax Deeds.
Jmpj01
What are the pros and cons of Tax Lien Certificates and Tax Deeds.
Jmpj01
PROS
Tax liens - fairly secure interest rates
Tax liens - if you can find a good county with not many investors, you can get high rates
CONS
Tax liens - if you bid on the wrong thing because you didn’t know how to do due diligence, you might not get your money back
Tax liens - sometimes gets paid off too soon and not enough interest
Tax liens - in bid down states like FL, interest may be too low in the first place
PROS
Tax deeds - You own the property
CONS
Tax deeds - You own the property and liable for stuff on it
Tax deeds - Title often needs cleanup before you’re able to sell it
There’s a couple of good tax lien books I recommend, here’s my top two choices:
[ISBN 0978834682] Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series by Don Sausa
[ISBN 0793195179] Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time by Larry Loftis
Thanks for the input and the suggestion of hte books.
JMPJ 01