Real
estate debts (tax liens) arebecoming popular investmentsBy Don SausaAuthor of Complete Guide to
Real Estate
tax liens and Foreclosure Deeds: Learn in 7 Days
TVPWire/FORT MYERS, FL-- Everyday, more and more investors are putting money in tax liencertificates.Tax lien certificates are like bonds on delinquent propertytaxes, largely a product of the recent real estate downturn. County governments like Mohave County, Arizona are trying tocurb budget deficiencies by enlisting the aid of real estate investors. By selling the tax debt at high interestrates (up to 16 percent in Arizona),they’re able to continue to provide for government infrastructures withoutinterruption.Schools, police, roads, and other government programs arethe direct beneficiaries of tax lien sales.Without the financing that comes from these auctions, county governmentswould need to cut their annual budgets.“It’s an amazing investment opportunity created by the government,”said Don Sausa, tax lien expert and author of Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in7 Days . “Tax lieninstruments can give you high returns, plus they help the community overall.”With interest rates almost four times higher than CDs andmarket accounts, it’s no wonder tax lien auctions are becoming popular. Another reason for its popularity is becauseof its security. Depending on the state,if tax liens are not paid off within two to three years, investors couldforeclose the property and own it outright.“It brings in tax money that otherwise we wouldn’t get,”said Janet Baker, a county official with Mohave County. “Thankfully, there are investors out therewilling to pay for other people’s taxes.” Sample Rates of Return Alabama Up to 12% Arizona Up to 16% Colorado Up to 14% Connecticut Up to 18% Florida Up to 18% Indiana Up to 15%
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