Customer Reviews

The 16% Solution: How To Get High Interest Rates in a Low Interest World with Tax Lien Certificates

5 star:		(29)
4 star:		(18)
3 star:		(12)
2 star:		(6)
1 star:		(3)

 

 

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.

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.

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.

I didn't know anything about tax liens prior to reading the book. The very thought of buying someone elses debt didn't make any sense to me prior to reading this book. I learned that tax liens are backed by real property and is a government run program. You will get paid or get the property at well below market value period! The best part is the government handles it all for you so you do not have to deal with the property owners yourself. You can't get a safer investment than this. I live in a state that pays 18% interest on tax liens and that is what credit cards charge!

I was able to read the book in one day and go out and buy tax liens the next day. That is how clearly the author explains the process. If you are looking for a high return investment that is safe and does not bounce up and down like the stock market, then tax liens are the way to go. A must read for anyone who is interested in investing.

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.

Although there is no investment that is completely safe, tax liens come as close as possible. Why? Because your profits are is guaranteed by the US government and secured by real estate.

Tax liens used to be a secret known only by insiders and savvy investors. The word is getting out. Books like the 16% Solution are getting the word out and a lot of investors are not too happy with that.

You can earn from 5% in states like Louisiana to 50% in states like Michigan.

Caution: Don't buy into the false hopes perpetrated on late night tv and try to use Tax Liens as a get rich quick scheme. Like any other investment, it's a process and you have to know what you are doing. 16% Solution is a good start.

It used to be that you had to buy tax liens only through auctions. Now you can buy tax liens through the mail and even on the internet.

I recommend the 16% Solution as a excellent book to help you get started in investing in tax liens.

Words like "tax lien certificate" and "tax fortified property" are enough to confuse even the wisest of investor. However, this book has accomplished well the task of educating beginners in the tax lien investment market.The author takes the reader step-by-step through the entire process outlining the major points of tax lien investment in simple laymans terms.

Although this book can be a bevy of information to the beginner, the seasoned tax lien investor will find no new formulas or techniques that are not explained at state-run tax lien seminars held before the actual auction. The author seems to almost be hiding crucial information concerning some of the key elements involved in this potentially rich investment.

Though vague at times, any would be tax lien investor would be hard pressed to find a better manual.

This book explains tax liens in such clarity that I was able to go out and buy several tax liens the very next day.

And who says you have to be restricted to your home state? You can go to Iowa, Michigan or vaction spots like Arizona, Texas and Florida, bid on a tax lien and now your vacation becomes tax deductible while earning a high yield government guaranted!

Or you can bid by mail.

Unlike stocks, your investment is guaranteed and you may even get a nice property for 1/10 of the normal price.

Get this book and start buying tax liens.

This book was the bible in tax lien certificates when it came out in 1994. Since then, however, everything has changed.

The investor mix is different. There are a lot more institutional investors playing this game (banks, insurance companies, pension funds). As a result, this market has become more efficient. Your will most probably not earn 16% return anymore.

Also, the variety and complexity of auction methods have greatly increased. The process has become more difficult for small retail investors to participate in.

The book still provides an excellent foundation in this rather esoteric investment.

For a great and quick update on this book, read the BusinessWeek article: "Easy Money It's Not" in the issue dated August 11, 2003, on page 98. You can find it at businessweek.com. This short three page article gives you all the updated knowledge you need to be current. As you will see, it really is not easy money. But, with much effort and due dilligence, you can actually still earn above market interest rates. Realistically, you will have to hire an agent to deal in this market. This will cut into your return, but allow you to participate in this complex marketplace.

This booki is a great intro intothe world of tax liens. The returns are certaintly better than what you can make in the stock market over the last 2 1/2 years.Suggestion: CASH OUT those dead stocks, take a tax writeoff and then begin investing in tax liens. I've spoken to several people this past month who have are doing just that.Disregard the negative messages here. Based on the content of their messages, I seriously doubt if they even read this book let alone ever purchased a TLC.