James Paris and attorney J.W. Dicks takes us through a live tax lien certificate auction. We can see step by step how to buy tax lien certificates and how these auctions actually work.
This vid was made in 2006, but it is evergreen in that these auctions continue as more and more houses are lost because of non-payment of property taxes.
We can see from the first steps of receiving your auction number and property list that some auctions do yield 18%. However, that is not the norm and many are for less. But until the properties are redeemed, these interest rates often pay much better than banks.
Should you invest in tax lien certificates? It's a way to invest in real estate without the hassle of tenants and property management ,so for some of us it's something to definitely consider.
Popularity: 20% [?]
Related Websites -
Smart Credit Card Debt Credit card debt is a global problem that has led many to the poorhouse. However, with smart management, credit card debt can actually be a good thing. Let’s look at how to have smart credit card debt that will help your finances instead of hurt it. The premise may be...... -
GICs are not good investments for Young Investors A GIC is a Guaranteed Investment Certificate. It is a low risk investment option that guarantees your capital investment along with your interest rate for a predetermined term. GICs can also be known as Term Deposits. GICs are usually sold at a lower interest rate than other types of investments,...... -
Stashing Your Cash If you want to access your money quickly, where do you put it? Where do you hide your emergency fund, in a cookie jar, a safe or in the bank? Knowing where to stash your cash is vitally important, and so here are some of the options that are available...... -
How to Evaluate the Rent vs Buy Decision The decision to rent vs buy is a timeless issue. Every renter and every homeowner has probably considered it at some point. A lot of thought goes into this decision. I would not recommend basing your whole decision on just what the numbers dictate. As with anything financial, there...... -
Investing in Canada's Real Estate Market With the Bank of Canada holding interest rates at 0.25%, some are saying that Canada's housing market is overheating. Housing starts are up 21% over 2008 and building permits are up 18% (which are forward-projections). At the very least, it is a sign of the strength of the Canadian housing......