Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time

Loftis, Larry B.

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UPC:
9781427795953
Maximum Purchase:
3 units
Binding:
Paperback
Publication Date:
2007-11-06
Release Date:
2007-11-06
Author:
Larry Loftis
Language:
english
Edition:
Second
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Profit by Investing in Real Estate Tax Liens, the only tax lien book written by a tax lien investor, has been the top-selling tax lien book since its first release in November, 2004. In this second edition, attorney and tax lien investor Larry Loftis notonly teacheshow to invest invest in tax liens and tax deeds, he provides insightful, first-hand experience from his purchases around theUnited States. Having purchased millions of dollars ofliens(and deeds) in 12 states and attended auctionsin 5 additional states, Mr. Loftis provides stories from different locations around the country, giving tips on how to avoid risks, and how to beat the competition. He provides technical knowledge that only an attorney can provide, as well as tricks-of-the-trade that only a seasoned investor can provide.

Profit by Investing in Real Estate Tax Liens also debunks the common myth that tax liens are found only onrun-down properties, and shows that liens exist on every type of property. AuthorLoftis, whohas purchased liens on properties owned byfamous athletes like NBA stars and world champion boxers, national banks (like Chase Manhattan BankandLaSalle National Bank), and even a building whose major tenant was the local sheriff's department,reveals that he has seen liens on properties owned by a 9-time Wimbledon champion, a 3-time Masters champion, a Cy Young and World Series winner, a movie icon, an international celebrity athlete/model, and even properties owned by cities, the U.S. Post Office, and even the U.S. government!

In this authoritative guide, Loftis helps investors avoid the pitfalls while answering all the key questions they need to consider:

* What states are lien states and what states are deed states, and how do they work?
* What about the hybrid (as Loftis calls them) states like Texas and Georgia?
* How does an investor go about bidding at tax sales? And what is the due diligence required?
* What are the different requirements in each state?
* Where are therisks in thistype ofinvesting, and how do I avoid them?
* How long do I have to wait to get paid off, and what rate of return can I expect?
*How are counties selling liens and deedsusinginternetauctions, and how do I start?