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

J.D. Joel S. Moskowitz (Author)

Book Description

Publication Date: March 17, 2009

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.

Editorial Reviews

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

• Hardcover: 184 pages
• Publisher: Andrews McMeel Publishing; 2 Rev Upd edition (March 17, 2009)
• Language: English
• ISBN-10: 0740769626
• ISBN-13: 978-0740769627
• Product Dimensions: 9.1 x 6.9 x 0.9 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 3.9 out of 5 stars  See all reviews (68 customer reviews)
• Amazon Best Sellers Rank: #14,536 in Books (See Top 100 in Books)
  • #60 in Books > Business & Investing > Reference
  • #92 in Books > Business & Investing > Finance

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Customer Reviews

Most Helpful Customer Reviews

178 of 179 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.

233 of 241 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.

324 of 340 people found the following review helpful:

4.0 out of 5 stars Nice, safe returns--good book., July 8, 1999

By A Customer

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

I thought that this was an excellent book and an effective way to tap into the world of tax liens. Better than paying $200-$300 or more for book tape programs. Tax liens are a excellent strategy for those who want big rates of return but also want something safer than the stock market. I also suggest More Wealth without Risk by Charles Givens.