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Tax Lien Certificates
What Is Your Objective: The Property or the Interest
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What Is Your Objective: The Property or the Interest What makes Tax Lien Certificates such a unique investment is that they provide a secured high interest rate while at the same time offering you the chance to obtain a real estate property for pennies on the dollar. Most investors are investing for the income potential of the Tax Lien Certificate but you can maximize your chances of obtaining the property by selecting the states in which you purchase your Tax Lien Certificate or Deed. You will need to consider the different laws in each state to find out if they assist the owner of the Tax Lien Certificate in obtaining the property from the delinquent tax-payer. You will need to consider both sides of the coin. Let's use Florida and Arizona as examples: Florida allows you to earn a very nice 18% pa on your investment, but gives the buyer of the Tax Lien Certificate no benefits should you need to foreclose on the property. The Deed goes to the investor who is willing to pay the most for the Deed and of course, you receive your investment plus interest and fees as soon as the sale is complete. In Arizona, if the Tax Lien Certificate is not redeemed by the property owner during the three year redemption period, you can go to court and foreclose on the lien. Should you wait five years, you are no longer required to go to court. At that point, you go to the local county treasurer and apply for a deed. It's as simple as that! |
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