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Tax lien investing expert explains what happens
After purchase in a new video on TedThomas.com investment expert Ted Thomas
Said investing in tax sale property which is a hot investment area right now
Requires some work by the investor thousands of students
In seminars around the country have learned directly from Ted Thomas how to purchase these
tax lien certificates
And this information is now offered online to new investors at TedThomas.com
A lot of people have heard about tax lien certificates and how this is an excellent
Investment device so they go to a tax sale and buy one
Ted Thomas has trained thousands of men and women offline through his tax lien
Investing courses and is now offering this extensive training online at TedThomas.com
Now they are holding this piece of paper and wondering what to do next
Said Ted Thomas an expert in the tax lien certificate and tax deed investment business
Well to start with, they should have done some research
Into what tax liens are regardless these people are to be commended for showing enthusiasm
For this kind of investing Mr. Thomas said the first step
For any tax lien certificate and tax deed investor is to learn about the tax sale process
As each state has different rules investors need to know the laws and regulations
In their state he said some states sell tax liens where you receive
A certificate that yields high interest rates while other states sell tax deeds
Where you are buying the tax defaulted proper sometimes the person
Has immediate title to the property and in other states a redemption period is necessary
However the basic premise is the same in every state the tax
Collecting agency wants the money it is owed by the property owner it collects
That money through a tax sale Mr. Thomas said people who buy tax defaulted property
At the tax deed sale or purchase a certificate at the tax lien sale
Also want to make money they do this by investing in the past due taxes the
Second step in the process is to learn about the properties available at the auction
Sometimes tax defaulted property is sold at a tax auction
And getting a return on the investment is going to be very hard Mr. Thomas said
He specifically pointed to condemned property while the tax sale may appear to be a bargain
When the cost of renovating a condemned building or tearing it down it could be a
Money loser you need to know what you are buying tax sales
Are advertised ahead of time the investor has time to check property
Records and a lot of the work can be done online for example researching
The property on the Tax Assessor's site getting comparables from zillow and locating
The property on Google Maps you should always drive by the property to personally
Examine it or hire someone else that you trust he added Ted
Thomas is a Florida based educator, publisher and author Mr. Thomas offers a series
Of instructional videos for tax lien investing including a must-see video titled
Truth About Tax Liens Certificate at his website TedThomas.com