Training Module 1 | ustaxlienassociation.com

Training Module 1

 

Training Module 1:

Tax Lien Investing 101 — The Basics You Must Know

by Tony Martinez and Saen Higgins

Please Post Your Comments and Questions Regarding this Training Session Here:

  1. What was your greatest "takeaway" from this lesson?

  2. What’s the #1 question you now have regarding investing in Tax Lien Certificates?

  • Tony Martinez on Training Module 1Several tax liens may be purchased on the same property for subsequent tax years. It depends upon how long the redemption period is. For example: In a state that has a 3 year redemption period 3 tax liens, one for each year, may be purchased. These liens could be purchased by the same investor or by different ones. When the property is redeemed, regardless of how many investors have purchased liens, all liens and interest are paid. If the lien does not get redeemed then there would be a foreclosure process as per the County and State statutes. Usually the first lien holder has first rights to foreclose and so on. Whoever forecloses on the property to take the deed would be responsible to pay all other tax lien holders.
  • Tony Martinez on Training Module 1You can find Tax Sale Calendars on the ULS. The Ultimate Listing Service (ULS) is our proprietary website which will give you information on upcoming tax sales, detailed State and County information, and valuable resources to help you invest profitably and safely. Check it out at uls.ustaxlienassociation.com. Assignment purchasing is when an investor buys an over-the-counter lien from the County. These are liens that did not get purchased at the auction and are now made available through the county usually on a first come, first served basis. The interest rate that is offered is usually the highest rate that the State allows. Depending on the county, sometimes if the lien has been held by the county for some time then the redemption period may be reduced substantially.
  • Kyle McCullers on Training Module 1What is the best properties to invest in?
  • Brad on Training Module 1For someone with more limited funds and purchases a TLC with a redemption period of 1 year, if they are not able to purchase the TLC the following year and there has yet to be a redemption, that person would just sit and wait until the triggering event? Also losing out on their ability to foreclose if necessary?
  • Tony Martinez on Training Module 1With a lien you may collect the interest return when the property owner redeems the property. Or, if it does not get redeemed you may foreclose on it and take possession. At that point you would have significant equity in the property and you could sell it, rent it, or hold on to it for additional appreciation.
  • Tony Martinez on Training Module 1Redemption periods are determined by the county or taxing entity conducting the sale. These periods can be anywhere from a few months long to 4 years. The property owner can redeem anytime within the redemption period. The investor receives payment upon redemption.
  • Tony Martinez on Training Module 1After the video series, some people feel like they would like to pursue investing on their own with no additional training. Other people prefer a personalized training course or perhaps access to additional tools and resources to help along the way. Ether way, we are happy to help you get going!
  • Tony Martinez on Training Module 1You can lose money if you buy a TLC or deed on a worthless property. In that case, it is unlikely to be redeemed and/or you wouldn’t be able to recover your money by foreclosing and selling. This can be avoided by doing your due diligence before you buy.
  • eric on Training Module 1best info county people are limited on info. You guys are the experts. If we have question ask you guys
  • Tiffany on Training Module 1Will you show how to use the online bidding system for states that use systems like that?
  • Amory Evan Lo on Training Module 1It is really amazing you can invest as low as 10 dollars. Can you leave your invesment on the county for 5 years to earn more profit?
  • pau Doherty on Training Module 1I’m intrigued. Looking forward to the next video. I assume if I invest $1,000 I can loose $1,000. My question is, if I invest $1,000 can I loose more then $1,000? What is the worst case scenario.
  • jon miller on Training Module 1question what happens when property is sold
  • jon miller on Training Module 1takeaway acquiring certs seems not to be complex
  • bob tyson on Training Module 1I look forward to the upcoming lessons.
  • Latonya Fleming on Training Module 1I didn’t realize there were as many as five ways to acquire certificates.
  • Michele Koplow on Training Module 1Greatest Takeaway: 5 ways to do Tax Lien Certificate investing Question: When are Tax Lien Certificates &/or Tax Lien Property Deeds up for Auction? Is it 1x per year or All year round?
  • Tony Martinez on Training Module 1How much money you can make depends on several factors including your initial investment budget, where you invest, the interest rates you earn, whether you invest in TLCs, tax deeds, or both, how quickly you learn to find lists of available properties, how quickly you learn to do your due diligence on the properties, etc.
  • John Bushkar on Training Module 1So I buy the tax lien, then wait up to 4 years to receive my money back with interest??? Oh, so I’m making the accelerated interest on the total time???
  • Timothy Kemp on Training Module 1Good Morning, Is there some sort of averages that you have seen over the last five years of earning a person can make?

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