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

~ (Author) "Andy's heart sank..." (more)
Key Phrases: tax title buyer, tax lien buyer, tax lien certificates, Getting Local Officials, Palm Beach, Caveat Emptor (more...)

Editorial Reviews

Product Description

A comprehensive guide to personal finance and investment explains how to achieve the maximum financial yield in a time of low interest rates and a weak stock market, discussing such options as tax lien certificates and their benefits. 50,000 first printing.

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. --This text refers to an alternate Hardcover edition.

Product Details

• Hardcover: 208 pages
• Publisher: Andrews McMeel Publishing (November 23, 1994)
• Language: English
• ISBN-10: 0836280849
• ISBN-13: 978-0836280845
• Product Dimensions: 9.1 x 7.4 x 1 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (60 customer reviews)
• Amazon.com Sales Rank: #165,328 in Books (See Bestsellers in Books)

  Popular in this category: (What's this?)

  #41 in

  Books > Business & Investing > Personal Finance > Personal Taxes

Customer Reviews

Most Helpful Customer Reviews

123 of 124 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

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.

202 of 208 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

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.

213 of 221 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

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.