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Fundamental things you need to know about Tax Lien Investment

Do you think of how profitable the tax lien investment is? Some people will be aware about its pros while some may not be. Most of the people do not know how to start with it and how to move forward with it process. There will be only few who know how the investment process works. It is definitely going to be profitable for those who are really interested to do it. There are basically three forms of tax lien investment. Those are tax liens, tax deeds, and redeemable deeds. These three are slightly different from each other in its rules. For more information, visit https://prosourcetaxliens.com/<br>t<br><br><br>

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Fundamental things you need to know about Tax Lien Investment

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  1. Fundamental things you need to know about Tax Lien Investment

  2. CONTENTS • Introduction • Tax Liens • Tax Deeds • Redeemable Deed

  3. Introduction Do you think of how profitable the tax lien investment is? Some people will be aware about its pros while some may not be. Most of the people do not know how to start with it and how to move forward with it process. There will be only few who know how the investment process works. It is definitely going to be profitable for those who are really interested to do it. There are basically three forms of tax lien investment. Those are tax liens, tax deeds, and redeemable deeds. These three are slightly different from each other in its rules.

  4. Tax liens • If the property owner fails to pay the taxes, the government places a lien on a • property and they issue a tax lien certificate. • The investor who would like to invest in tax lien can buy this tax lien certificate • through county auction process. • Once you have purchased the tax lien, then you have the authority to collect the tax amount plus the interest rate from the property owner. This interest amount gives profit for the investors. • In some case, if the owner didn’t pay the amount within the redemption period the investors have the right to take the steps to foreclosure the property.

  5. Tax deed • The concept of tax deed investment is different from tax lien investment. Here, first you need to buy the deed to the property. • Once you buy the deed to the property, then you are property owner and either you can use it for yourself or you can rent it for others and earn some profit through it.

  6. Redeemable deed • The concept of redeemable deed is similar to tax deed. Once you have purchased the deed, the property is yours and you can utilize it according to your wish. • The only difference of redeemable deed from the tax deed is there will be redemption period after you purchase the deed. • During this period the property owner is able to buy property back from you. The amount they paid includes a cost of what you paid while buying plus the penalty amount charged by the government.

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