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Tax lien is a certificate of lien on an unpaid tax property put by Internal Revenue Service (IRS). When a property owner fails or refuses to pay their taxes, they becomes a delinquent taxpayer and a governing authority is in charge of collecting the taxes. However, if the authority is not able to collect the required property taxes, they will opt to take the final step to collect the taxes. The public auction is the final step that will take the delinquent properties to be sold. For more details, visit https://rei-holdings.com/the-tax-lien-opportunity/
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What is Tax Lien Investing? And How it Works?
Contents - Introduction - Tax Lien Investing - Auction Process - Return of Investment - Contact Us
Introduction Tax lien is a certificate of lien on an unpaid tax property put by Internal Revenue Service (IRS). When a property owner fails or refuses to pay their taxes, they becomes a delinquent taxpayer and a governing authority is in charge of collecting the taxes.
Tax Lien Investing Tax lien investing is method of investment in a delinquent property. The delinquent properties are sent to the auction process for sale. Investors will bid on the property and get the ownership for particular period untill the property owner settles the invested amount back.
Auction Process A tax lien certificate was generated on delienquent propery and send to the auction process. In the aution, the investors will bid their amount for the property. The investor who bid highest for the property will be winner and have a chance to invest in the property.
Return of Investment The investor will get thier investment amount back with the interest and penalties applied at the time of auction process. The interest will be vary form 8 to 36% and it depends on the location of the county where the property is located.
Contact Us To know more details about tax lien and its investment, do visit their website REI Holdings. Phone Number +1 855 598 0658