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Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time
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
* 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.
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
* 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.
256 pages, Paperback
First published November 1, 2004
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Displaying 1 - 10 of 10 reviews
January 1, 2012
This is a very good starter book with lots of detail by an author that actually does work with tax liens for profit. This book is not hype to get you to start investing, it is actually a book of tips and knowledge about how the process really works. Tax lien investing is not for everyone nor for most people. Always know the risks and rewards of any investment. The pie in the sky hype you here from promotors for thier programs is very absent from this book.
October 18, 2007
In my opinion, when one thinks of investing in real estate tax liens, this is THE text to read before all else. There is a new edition which I have not read yet, but would suggest getting it rather than this one.
April 26, 2009
I thought this book was very practical. There are summaries at the end of each chapter, advice on what kinds of liens to invest in, and information on each state about how tax liens work in that state.
January 31, 2018
This book, more than anything else, got me started into tax lien investing.
I would recommend the second edition as it goes more into depth on online sales (which many areas, especially in Florida, use), but to learn the basics it is a good start if you can find it at a good price.
I would recommend the second edition as it goes more into depth on online sales (which many areas, especially in Florida, use), but to learn the basics it is a good start if you can find it at a good price.
April 30, 2014
Finally! An easy to understand and comprehensive book about investing in tax liens and deeds. I'm buying it.
November 4, 2020
Good info but also pretty outdated.
May 10, 2013
I LOVED this book when I first read it. I have another hold out at the library to re-read it. I have been a "student" of real estate and tax lien investing for a while, and this book is very clear, concise and to the point. He is very detailed in the whole process of researching properties and purchasing tax liens. I would recommend this book to anyone interested in investing in real estate tax liens or who wants a straightforward and no bs book about finding a profitable investment. 5 stars!
January 31, 2018
The first edition of this book, more than anything else, got me started into tax lien investing.
This is better than the first edition as it is updated for online tax lien sales (which most Florida counties now use). There are some areas where he is wrong as to requirements (maybe since the book is now eight years old) but a very good primer to learn about this area.
This is better than the first edition as it is updated for online tax lien sales (which most Florida counties now use). There are some areas where he is wrong as to requirements (maybe since the book is now eight years old) but a very good primer to learn about this area.
June 5, 2013
What's there to say? Good information. Easy to read. I feel competent to go to tax lien sales and now, and that I could competently bid on liens without losing my shirt and embarrassing myself. Not rocket science, but I didn't know how before, and I do now. So, thanks!
March 8, 2019
Easy read. Great examples. And quick summaries at the end of each chapter.
Displaying 1 - 10 of 10 reviews