Tax Lien Investing Pros and Cons
Discover the pros and cons of tax lien investing from the real world of real estate investing.
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Mano Kamgang
Very informative and explained in an easy to understand way. I really feel you know exactly what you are talking about, and you give me a clearer understanding also.
Thanks so much! Very informative and to the point. I’m currently considering purchasing tax lien certificates. What I would like to add is that you don’t have the high fear factor that comes along with investing in the the stock market. Considering all that you have said I would classify it as a low risk investment. Yes, there is competition but at least you get all your money refunded if you’re not granted a purchase. I’m going to give the tax lien certificate investment 2 thumbs up, without having even purchased one yet. But I’ll be trying my hand at it in 2014. Thanks again!
Not so fast. What if they don’t redeem? What if you get stuck with the property? Sometimes getting stuck with a property is not a good situation.
I am going to make sure that it’s property that I wouldn’t mind being stuck and I’m only focusing on single family homes
Phil Pustejovsky Thanks for the information I look into it for Sacramento California.
@Benjamin Williams Hey how did you do in your tax lien investing? It’s been 8 years I wonder if it’s worth it?
This was a very helpful video on the subject. Â I am wanting to dip into investing in things like tax lien, etc… Â And you have given some very key advice such as localize issue and studying the competition. Â Thank you again.
Thanks for the video. My fiancĂ© wanted to do this to basically “buy a house” for cheap. I always research his ideas to make sure he is well informed before spending hard earned money. This explained so much. Gratitude…..
P.S. you just got a new subscriber 🙂
You sound like my wife lol.
So after watching did you agree with him or not??
How is the progress??
What happened
What a great partner!
This is very helpful to know the cons, thank you. I believe there are more Pros than that since my father has been doing it for quite a while. Helpful knowledge!
JET FPC in which state your father did it?
fill me in on some more pros
You did such a wonderful job explaining. Very clear and understandable. Thank you so much.
Thank you for that perspective. I love tax liens, but you demonstrated some noteworthy reasons on why I should, perhaps, broaden my horizons and may be graduate to tax deeds. New things always frighten me a little.
Marsha Klein tax deeds?
This is one of the few honest videos, in my opinion.
Phil stresses that WORK is involved. Local research is best too.
I can’t say I learned a lot, I’ve been doing this for nearly 40 years.
I highly recommend this to anyone before they invest.
Hi Fred have you been doing taxe lien and deed for nearly 40 years? and in which state.
Eh, it’s okay. You sure you’ve been doing this 40 years? He acts like you have no choice but to risk getting stuck with bad property and lists it as a con. I’ve only been doing this two years and even I know how to not pick a 6 foot by 200 foot sliver of land.
@justin claycomb This video raised more questions than answers. For example i thought that investors were buying the property not lending the money to the county for a couple of years. So is there a way to attain outright full ownership via tax liensales???
@Buda Bunda I think some states have tax lien sales, and other states have tax deed sales. The latter you’re actually buying the property.
@Buda Bunda yes just go to a tax auction instead to buy like phil said to do. My friend did this with a pro and he bid on a property and won it a condo for only 20 000. Worth 40 000 no liens gud condition . needed to evict homeowner unfortunately. But it worked for him. I wldnt buy a condo a house is better.
Hello Phil. Â I have watched quite a few videos of yours and really like your style and content. As for liquidity of tax liens, you can assign them to someone, so there is liquidity in them (although many times the owner of a tax lien will have to sell their tax lien at a discount). Â It’s basically assignment of contract. Â That is essentially what the Tax Collector is doing when someone wins the bid for the tax lien: the county assigns them to you. Â Keep up the great videos and posts.
Well spoken! The problem is that most lay people would never figure out how to find buyers of tax lien assignments nor be able to pull it off. So for the vast majority of people who will ever watch this, they are basically illiquid to them.
@Phil Pustejovsky hi … once i purchase a tax lien, and i end up getting the property because the owner never paid. do i get a QUIT CLAIM DEED or A WARRANTY DEED?
Phil, thank you so much for this video, I am a real estate agent and instructor and in the last 2 years i got interested on this investment but did not want to invest on it until I have good acknowledge, your video gave me a better window I will purchase your book. Thanks
Hi i would like to get into real estate, I was a an agent back home in africa
Thanks for your content Phil. I’m just now trying to learn about real estate and I love how you explain things. Honesty is the way of teaching and I believe that’s what you are.
thank you Phil for telling the truth and not making everything sound so “effortless”.
It is rare to see such honesty and forthrightness in a video about realestate. This is extremely well done, very balanced, and very informative! Well done!
Due diligence is definitely a pro as the vast majority will not take the time to perform the needed task. But to me that’s an easy barrier of entry.
Great video. Will be watching more than once.
Phil you did a job explaining the pros and cons. Thanks for the enlightment.
This is an AWESOME VIDEO and he is an amazing teacher on this subject. If you’re reading this, watch till the end and take notes. Besides your state/city/county’s rules, it’s literally all you need to know, moving forward! 💪🏾
its refreshing to see an actual honest video about real estate investing, and not one that only raves about how awesome it is the whole time and gives vague advice to basically force you into buying their course
Learn how to do this right with the help of a mentor. Apply to my Apprentice Program here: https://www.freedommentor.com/apprentice
What about the overage business? Is there any money trying to find money after the foreclosure and returning it to the person who lost their property?
If you can connect with a property owner that has just lost their property to tax deed sale, then you can definitely reach that same person before it goes to auction and that’s far more profitable than trying to get a piece of an overage. Use that skill of being able to connect with such people BEFORE it goes to auction. @@CoffeewithJesusTalk
@@philpustejovsky thank you. I’ve been to your website. I’m not sure how to be a trainee. The book intro was so inspiring. My wife and i are retired educators. We also once ran our own private Christian school for 20 years in a church I founded. We helped a lot of families. Now we run a before/after care in OKC. At 58 and 63 we want more free time. We work from sun up till sundown. It’s hard to find employees. I would love to find something that will help me and my wife to retire in comfort, but enough to keep the ministry of kid care running.
We’ve had tremendous success in Oklahoma. There are several graduates of my Apprentice Program scattered across the state (these are people that have made more than $500,000 in net profits in this business as a result of my mentoring). Apply to be my Apprentice here: https://www.freedommentor.com/apprentice @@CoffeewithJesusTalk
Thank you for sharing this informative and positive video about the pros and cons of tax lien investing. It’s refreshing to see someone acknowledge the benefits of this investment strategy while also highlighting the importance of being aware of the specific rules and regulations in each area. Your video does a great job of summarizing the key points and providing helpful insights for those interested in exploring tax lien investing. Keep up the great work!
Very informative. I was just researching buying into the upcoming tax lien auction. The more I read, the more skeptical I was becoming. “Too good to be true” applies. Not a windfall for reasons described in this video. For those still interested: 1) Every state and county is different, so be certain you understand ALL the details of their procedures and pitfalls and 2) Observe an actual auction first, before slinging any money at them.