In 2012, Bass Pro Shop went to tax foreclosure auction because the land developer was behind $3.7 million dollars in taxes while the property at the time was valued in county records as worth $19,000,000.00 and had been valued as high as $25.7 million.
It's easy to see, even for the everyday skeptic that tax liens/deeds can be a secure way to build wealth given several factors:
1) Tax liens and deeds hold a "superior lien position" even to banks mortgages. This means the holder of the tax lien or deed gets paid before the bank gets paid.
2) In real estate, there is a concept called loan to value. For example, most banks lend on homes at an 80% loan to value. Which means that the home buyer has to bring a 20% down payment. (This can vary with FHA and other programs.)
That means the bank is considers that loaning 80% of the money to the value of the home is a "good risk".
In Bass Pro Shops case (it was the developer whos land BPS sat on that was in foreclosure, BPS didn't own the land), the tax lien was $3.7 million to a $19 million dollar value. That's less than a 20% loan to value. That is considerably LESS risk! And with a tenant like
Bass Pro Shop, this deal could be a life changer!
3) You don't have to have millions to get started,. You can get started in tax liens for as little as a few hundred dollars up to several thousand dollars. The amazing thing is you can choose how small or large of a tax lien position you wish to buy.
1.) Step one is understanding what the difference between local and federal tax liens, how they work, and knowing the nuances to skip past any potential mistakes.
2.) Once you understand the basics local and federal tax liens, its time to use the tools and resources you've learned to find and evaluate potential tax lien investments.
3.) After you have identified a potential deal, its time to invest in that deal and start profiting!
We believe this is one of the most misleading and untrue statements about tax liens. It is typically said to entice those who are 'turned off' about real estate, to get them to believe that tax liens are somehow different. Our founders have been in investing in tax liens for over 18 years, and have found in fact, tax liens are an interictal part of real estate. Every piece of property has a tax lien or a tax deed associated with it. The power of tax liens is that they open you up many types of real estate strategies to build a strong and diversified portfolio. You can invest in commercial tax liens, residential tax liens, flip tax liens/deeds, flip the real estate associated with tax liens/deeds (depending on the state or county statutes), build a rental portfolio, "be the bank" with real estate associated with the tax lien/deed, or get a great rate of returned secured by the local county government for passive income.
Understanding both tax liens and the real estate associated underneath that tax lien or tax deed is so critical to your financial success in the tax lien/deed spectrum, our classes focus on both the tax lien/deeds and how to evaluate the real estate associated with those liens/deeds so that you can maximize your return and minimize downside risk. No one can ever say there's no risk in investing, because the federal government specifically guides us to stay away from those words, which we believe is smart. The same government which gives local government (state, county, city) to make independent decisions through state and local laws or statutes, recognizes that those local municipalities secure properties with tax liens/deeds, liens and deeds that you can own and even take over the local governments "get paid first" position, with either high interest rates or property ownership (each state, county has its own rules statutes which is why education creates an incredible opportunity).
Our live events focus on 3 MAIN FACTORS OF TAX LIENS/DEEDS:
1) TAX LIEN/DEED Rights: What is your right of ownership of a high, secure interest rate of return, and or property ownership.
2) What properties tax liens/deeds are the best to buy for both safety and rate of return.
3) How to maximize your return by understanding the tax lien/deed combined with real estate strategies underneath it to reach huge financial success.
These events are designed for new individuals or seasoned individuals as our trainers can direct which parts of our training program are best for your needs.
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