Make Money in Real Estate Tax Liens : How To Guarantee Your Return Up To 50% [Hardcover]

Chantal Howell Carey (Author), Bill Carey (Author)

Book Description

ISBN-10: 0471692867 | ISBN-13: 978-0471692867 | Publication Date: April 5, 2005 | Edition: 1

MAKE MONEY IN REAL ESTATE TAX LIENS

How does a guaranteed short-term profit of fifteen, twenty-five, or even fifty percent sound? What if you could acquire a property valued at $100,000 with just a $10,000 investment? In the tax lien game, those kinds of profits aren't just possible, they actually happen! In Make Money in Real Estate Tax Liens, Chantal and Bill Carey show you how to profit from this safe and reliable wealth-builder. Inside, you'll find answers to all your important real estate tax lien questions:
* What are real estate tax liens?
* What are the risks versus the returns of tax lien investing?
* Why should I buy tax liens?
* How, when, and where can I buy tax liens?
* Will I have to foreclose on properties?
* Does my state offer tax liens?
* How do investors redeem tax lien certificates?
* Will I end up owning property?


Look inside for the answers and start making money today!

Editorial Reviews

From the Inside Flap

Real estate tax liens are among the most profitable and safest investments in the world. Yet surprisingly few people know about them. Affordable enough for small investors and available in one form or another in almost every state, tax liens are a great way to invest for retirement, college tuition, or any other need you might have. In Make Money in Real Estate Tax Liens, the husband-and-wife real estate team of Bill and Chantal Carey make this powerful investment vehicle available to everyone with smart advice and step-by-step planning.

Though the specifics often vary from state to state, tax liens essentially work the same way everywhere. Issued by federal, state, or local tax authorities, a lien is placed against the title of a property when the owner fails to pay taxes. The lien prevents the owner from selling the property until the debt is paid. Here's where you come in. By purchasing the tax lien certificate—essentially paying off the owner's tax bill—you're entitled to repayment, plus considerable interest. In the event the property owner fails to repay you, the property becomes yours, even if it's worth significantly more than the cost of the lien certificate! Either way, you profit greatly without taking on any significant risk.

As far as investments go, it's practically a no-brainer. So it's no wonder real estate tax lien certificates are commonly found in the investment portfolios of major banks, brokerage firms, and institutional investors. With continued low interest rates and a dicey stock market, tax liens are among the most reliable and profitable investment vehicles around.

Inside, you'll learn how, when, and where you can buy liens; how to assign tax lien certificates to other investors at a big profit; how to foreclose on a property; how to redeem your tax lien certificates; and much more. Plus, the Careys provide a listing of tax lien rules by state and appendices with helpful charts, contracts, and other documents. Make Money in Real Estate Tax Liens gives you all the information you need to start making money in one of the best investments you can find anywhere.

From the Back Cover

MAKE MONEY IN REAL ESTATE TAX LIENS

How does a guaranteed short-term profit of fifteen, twenty-five, or even fifty percent sound? What if you could acquire a property valued at $100,000 with just a $10,000 investment? In the tax lien game, those kinds of profits aren't just possible, they actually happen! In Make Money in Real Estate Tax Liens, Chantal and Bill Carey show you how to profit from this safe and reliable wealth-builder. Inside, you'll find answers to all your important real estate tax lien questions:

• What are real estate tax liens?
• What are the risks versus the returns of tax lien investing?
• Why should I buy tax liens?
• How, when, and where can I buy tax liens?
• Will I have to foreclose on properties?
• Does my state offer tax liens?
• How do investors redeem tax lien certificates?
• Will I end up owning property?

Look inside for the answers and start making money today!

See all Editorial Reviews

Product Details

• Hardcover: 288 pages
• Publisher: Wiley; 1 edition (April 5, 2005)
• Language: English
• ISBN-10: 0471692867
• ISBN-13: 978-0471692867
• Product Dimensions: 9.1 x 6.2 x 1 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 3.2 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #442,766 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

10 of 13 people found the following review helpful:

1.0 out of 5 stars Tax liens aren't all that, November 10, 2006

By 

Jim Huntz "Gamer Man" - See all my reviews
(REAL NAME)   

This review is from: Make Money in Real Estate Tax Liens : How To Guarantee Your Return Up To 50% (Hardcover)

I learned about tax liens from the Rich Dad series and when I read some of the information provided in this book, the 50% returns clearly shows that it is just part of the hype. Really you won't get up to 50% returns, with the industry average hovering around 8-9%. To the book's credit, it does state that you "could" go up to 50% or more not necessarily that you will.

2 of 2 people found the following review helpful:

1.0 out of 5 stars Not worth it., November 17, 2010

By 

This is How I See it 1008 - See all my reviews

This book is mostly a waste of money. At least half the book talks about things that really aren't specific to Tax Lien investing. Just gobbly gook on partnerships and how to calculate return on investment. Give me a break!

I honestly question if these two authors have ever participated in a Tax Lien auction. It doesn't seem like they have given the fact that the only example of an auction experience that they wrote about was bidding on an auction of a nice home in Texas, not a tax lien sale.

There were a couple of nuggets in the book, but I'm not sure it is worth the money. The main things that were touched on, but seem to be important are:
1) Tax liens, while superseding mortgage notes, don't supersede state and IRS tax liens on a property. Well if someone isn't paying their property taxes what is the likelihood that they might also be in arrears with other taxes? If that's the case, then you might own a note on a property that will cost a bundle to untangle from the state and fed tax liens. Yikes.

By the way the authors spent about one paragraph on this item.

2) A foreclosure can cook your goose on these deals. Spent a bit more time on this, but honestly, these are serious considerations, that impact the whole "super high returns, super low risk" investing that these guys are purporting.

Save your money and buy a different book.

14 of 20 people found the following review helpful:

4.0 out of 5 stars Tax Liens, August 15, 2005

By 

John A. Hance II (Laredo, TX USA) - See all my reviews
(REAL NAME)   

This review is from: Make Money in Real Estate Tax Liens : How To Guarantee Your Return Up To 50% (Hardcover)

Very helpful book for any interested in getting into tax lien investments. Has a lot of examples and knowledge of how to get started and where to look for the best tax liens.