Capitalizing On Other's Misfortune Or Helping Them By Capitalizing On A Systemic FACT That Is Largely Out Of Their And Your Control?
This is not to be construed as financial, legal or other types of professional advice, but I DO anticipate an 8-figure income next year... with 9-figures not totally out of the realm of possibilities.
This Saturday, December 5th, I'll spend 6 or so hours on a webinar, conducted over Zoom, by my mentor Ted Thomas, where he will teach all about tax lien certificates and tax defaulted properties.
For those of you unfamiliar with the topic, in the U.S., municipalities pay some of their expenses (police, fire, schools, rescue, street repair, etc.) by taxing property owners.
Municipalities also get money from other sources, depending upon how well they play the game of politics :-)
When property owners don't pay their taxes, which the taxing authorities need to cover their expenditures, they offer to allow investors (private citizens, various types of funds, banks, etc.) to pay the overdue taxes.
The municipality charges the property owner (home owner, corporation, strip mall or hotel owner, etc.) a penalty or late-fee when they finally pay the taxes.
The municipality puts a LIEN on the property until the taxes are caught up!
When the tax payer gets caught up, the taxing authorities pay back the investor... giving them both the amount of the back taxes, plus the late penalties.
The investor is issues a tax lien certificate, and when it is redeemed, the investor is mailed a check... or perhaps sent a direct deposit.
IF the property owner does not pay the back taxes, after a certain amount of time, following "due process" the investor can OWN the property, completely FREE OF ANY MORTGAGE, for just their investment in the back taxes.
This investment pays between 16% and 36%... if I'm not mistaken, making it an exceptional investment compared to the return on things like savings accounts, and certificates of deposit... where, when you take into account inflation, you're probably losing ground. You ROI can actually be WAY above 36% because of the way compounding and rollovers work in some locations.
It's also the most risk-free investment that you can make since, unless the government fails, you'll get back either your money... with interest OR the property... with the mortgage completely ERASED!
NOTE: Since private citizens and entities from OTHER countries can make this investment, this is also a way that foreigners can OWN property in the U.S.... something that you CAN'T do in many other countries that I'm familiar with.
Anyway, I'm inviting YOU to tune in to Ted's training TOMORROW, September 5th.
It's $47, and he will teach you a LOT. He enjoys teaching. I've been learning from him for about 15 years, although I first heard of tax lien certificates in my Business Law class back around 1980. The possibilities went completely over my head at the time... I was probably too distracted by the co-ed sitting across from me :-)
You can register here so that Ted knows that I sent you: