The 16% Solution: How to Get High Interest Rates in a Low-Interest World with Tax Lien Certificates, Revised Edition [Kindle Edition]

Joel S. Moskowitz J.D. (Author)

Editorial Reviews

Product Description

This revised edition is arriving just in time to inform investors how to take advantage of today's slumping U.S. economy. With home foreclosures at an all-time high and the erratic stock market damaging 401(k) accounts, people are looking for innovative ways to invest their money.

Moskowitz explains what tax lien certificates are (liens against property for unpaid taxes), why they are safe (certain states insure them), and how they fit into an overall financial plan. This new edition includes updates to the laws and procedures of states and counties that offer tax lien certificates.

* The 16% Solution has been updated to reflect current legal requirements and information.

* Seen as a great investment solution: "If you become a buyer of tax liens, we recommend reading The 16% Solution by Joel Moskowitz. It's a worthwhile investment." --Ken and Daria Dolan, Straight Talk on Your Money.

About the Author

Joel S. Moskowitz is an attorney specializing in environmental law. He has argued before the U.S. Supreme Court, the California Supreme Court, and several courts of appeals. Miami is his home.

Product Details

• Format: Kindle Edition
• Print Length: 184 pages
• Publisher: Andrews McMeel Publishing; 2 Rev Upd edition (November 23, 1994)
• Sold by: Amazon Digital Services
• Language: English
• ASIN: B002EZZAMC
• Average Customer Review: 3.9 out of 5 stars  See all reviews (64 customer reviews)
• Amazon Bestsellers Rank: #36,663 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

  #12 in

  Books > Business & Investing > Finance > Interest

Customer Reviews

Most Helpful Customer Reviews

142 of 143 people found the following review helpful:

5.0 out of 5 stars Ignore the negative and uninformed bashers of tax liens, September 4, 2003

By	Brian (Battlecreek, Mi) - See all my reviews

This review is from: The 16% Solution: How To Get High Interest Rates in a Low Interest World with Tax Lien Certificates (Hardcover)

The 16% Solution is an excellent book to help you get started investing in a very powerful and safe investment.

True it was written back in the 90's, but things really haven't changed all that much. And yes it is true that institutions are in on tax liens, but the real truth is that these were and are and always have been the primary players. I suspect the negative reviews are from banks and other institutions who do not want you to know about these outstanding investments.

The rate of return is not cut in stone. While you are not guaranteed 16%, in some states and in many cases you can earn 50%...even today.

I invest in tax liens and especially over the last three years, have far outperformed the stock market and other forms of investment. I have also picked up houses for pennies on the dollar via tax liens. Remember, a tax lien is superior to all other liens, even IRS liens.

As I said, I invest in tax liens and the USA is a huge market place. I don't feel that letting you know what a great investment tax liens are is going to hurt my business. And no, I do not have any courses or books to sell. Nor am I in any way associated with this author or any other author or seminar promoter. I just believe in these investments based on my own experience and hate to see potential investors scared away from a very powerful and lucrative investment because of one malcontent who is only trying to push a dead website which does have books and seminars to sell.

I guess I am old fashioned that way.

The 16% Solution is an outstanding book and I highly recommend it.

208 of 215 people found the following review helpful:

3.0 out of 5 stars more difficult than it seems, July 31, 1999

By	[e-mail] (USA) - See all my reviews

This review is from: The 16% Solution: How To Get High Interest Rates in a Low Interest World with Tax Lien Certificates (Hardcover)

to begin with, if you are a small time investor (like myself) you need to live in a state that sells tax lein certificates. this way you can get to the auctions where all the "good" properties are snatched up.

i went to AZ recently to purchase a few "leftover" tax leins after reading this book. it was not that easy to find/research a suitable tax lein to buy. my estimate is that it would take an average person a week in a particular county researching and driving out to look at properties. in conclusion, the 16% solution is fine if you live in one of the FEW states that actually offer them at a 16% rate of return.

219 of 227 people found the following review helpful:

5.0 out of 5 stars Put a little TLC (Tax Lien Certificates) in your portfolio., May 5, 2002

By	nick mentzer (Charlotte, N.C.) - See all my reviews

This review is from: The 16% Solution: How To Get High Interest Rates in a Low Interest World with Tax Lien Certificates (Hardcover)

Tax liens are the safest, highest yielding investment available today. In North Carolina, where I live, tax liens pay 12%. Better than CDs and better than losing money in the stock market. In Iowa, tax liens pay 24%. In Texas and Michigan, 50%.... First, tax liens are available in N.C. AND THEY ARE AVAILABLE IN MOST STATES, NOT JUST 25. Perhaps he is confusing deed states with mortgage states. Tax liens are among the safest of investments. The only real risk is if the debtor pays off the lien prematurely---you lose profits. Or if you buy a lien on a really bad piece of property. If the debtor doesn' pay off the lien, you get the home and foreclosing is not all difficult.... I highly recommend the 16% Solution and of course investing in tax liens. Obviously. Great money maker along with real estate and discounted mortgages.