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| Title: | Property Tax Liens - Rock Sold Investment |
| Author: | Mark Walters |
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Looking for a low risk - low effort, high yielding investment?
Shazam! Property tax liens are for you.
The cost of local government depends on money collected from
home owners through property taxes. But what if a property owner
fails to pay the taxes they owe?
In that case the county government places a tax lien on the
property. That means title to that property cannot be
transferred until the property tax, plus interest, is paid.
But wait! It could be years before that property is sold. The
county can't wait that long. They have bills to pay and they
need the money... so they sell those tax liens at auction to the
highest bidder. For the county that means they get their money
now. For the winning bidders it means a fat and secure
investment.
How profitable are property tax liens?
All 15 counties in Arizona pay 16% yearly. All 67 counties in
Florida pay 18% yearly. All 254 counties in Texas pay 50% yearly.
It doesn't happen often, but if the property owner does not
redeem the tax lien you hold you can foreclose and own the
property. Your investment could be as little one hundreds
dollars!
If all that isn't good enough... you can now bid on tax liens
through the internet. Take a look at realauctions.com
Like any investment you must not rush into buying property tax
liens before you do some learning. Different states have
different rules and procedures. You must know the rules to play
the game.
To learn more visit
http://digbig.com/4eqbf
About the author:
Mark Walters is an investor-entrepreneur helping other investors
from his Web pages at http://www.Lease-Option-Sub2.com where you
can learn what's working now.
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