- Paperback: 256 pages
- Publisher: Kaplan Business (November 1, 2004)
- Language: English
- ISBN-10: 0793195179
- ISBN-13: 978-0793195176
- Product Dimensions: 7.2 x 0.6 x 9 inches
- Shipping Weight: 14.4 ounces
- Average Customer Review: 4.3 out of 5 stars See all reviews (102 customer reviews)
- Amazon Best Sellers Rank: #269,655 in Books (See Top 100 in Books)
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Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time
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"On my scale of one to 10, this well-written, well-researched book rates an off-the-chart 12" -- Robert J. Bruss, nationally syndicated columnist.
Chosen as one of Robert J. Bruss' 10 best real estate books of 2005! -- Robert J. Bruss, nationally syndicated columnist
About the Author
Over the years, real estate expert and author Larry Loftis has bought and sold millions of dollars worth of real estate investments, including foreclosures, lease options, tax liens and deeds, resort properties, and multi-family housing. A Florida attorney, he has published articles in scholarly legal journals such as the National Law Journal, the Florida Bar Journal, and law reviews of the University of Florida, University of Georgia, and Suffolk University. He has also written for Florida Banking and been quoted in, and published by, The Wall Street Journal. Loftis holds both his B.A. and J.D. degrees from the University of Florida.
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Top Customer Reviews
The book clearly maps out everything you need to make a strategy for investing in Real Estate tax liens. Mr. Loftis uses plain talk to clearly state what works, what doesn't, and what to avoid. Best of all, he gives you some armor to avoid some of the hype machine this kind of investing is rife with.
Best of all, the book contains a good amount of reference material for ALL 50 states. Something I haven't found in other books..
This book (2nd edition, 2007) is in dire need of an update. The 2006 frame-of-reference give you no impact of the 2008 market crash or the continuing foreclosure crisis. Much of the information here is timeless, but Larry's examples are not. It isn't just the dated references to Wachovia bank, foreclosures are no longer rare and there are additional complexities brought on by the foreclosure crisis (where some banks have chosen to sit on deadbeat property for the purposes of their own balance sheet).
Two fixes for this would be: 1> an update that contextualizes the housing market crash. 2> something more timeless that takes a less immediate in-the-now approach and talks about different markets.
Loftis consists of 3 parts and 2 appendices. Part one talks about tax liens, part two about tax deeds, part three about the list of states. He discusses procedures of purchasing tax certificates, strategies for investing through liens/deeds, how to compete effectively against the so-called "institutional" investors. He shows the reader how to calculate the yield under different scenarios.
Burrell's book is very detailed, matter of fact approach. All the benefits and pitfalls are covered. There are 11 chapters that discusses in detail liens, deeds, tax sale procedures, delinquent properties, bidding, income and growth, how to obtain financing, legal issues such as setting up LLCs or PCs, foreclosures, various state laws etc.
Don Sausa has takes a complex subject and simplifies it. After reading the first two books, reading Sausa's book is a breeze. It suggests a chapter a day but I think you can probably read through this entire book in about 3 hours. If goes step by step.
Investing in tax liens requires, time, patience and money. One cannot do this "on the side" but it can certainly be a full time job and I can see the potential rewards.
they failed to inform on so many of the features of buying Tax Liens that the book had highlighted.
Definitely a good purchase for someone trying to decide if tax deeds/lien investing is worth his effort.