Difference Tax Lien and Tax Deed Investing - http://www.taxsalelists.com/free/290
In this video you will discover the difference between lien and tax deed investing.
We have two basic types of tax sales in the USA - Tax Lien sale in about 28 states and Tax Deeds in the rest.
How are they different?
Tax Liens -
Major Points:
- You are paying someone's taxes
- You earn high interest (10% to as much as 30%)
- You deal with county not property owner
- If they don't pay you back you get the property
- The majority of the time your money is tied up for less than a year
- 90% of the time you make high interest
- 10% of the time (varies by type of property) you get the property
- If you get the property -- you get it free and clear -- no mortgage!
- Over a million tax liens are sold online each year
- The majority of your work is done from home
Tax Deeds -
Major Points:
- It is a real estate auction...property is sold to highest bidder
- Most properties will sell between 70% and 100% of market value
- The majority of the property consists of vacant land
- It is the only type of tax sale where you know you will get a property
- Due diligence is very important...more so than a tax lien sale
- Interior inspections are available in some places
- You have to know the value of the property
- The sales are quite a bit smaller than tax lien sales
Which Is Best -
Depends on what you are looking for -- is it a property or a return on your investment?
Tax liens will produce a much higher return on your investment...but you can never know for sure if you will get a property
To get more information on tax sales, tax liens and tax deeds we regularly hold a free one hour webinar that will answer your questions about tax sales.
To register, just go to http://www.taxsalelists.com/free/290 or click the link below in the description