Are you interested in a 6 to 50 percent return on your money, secured by a lien on property?
Author Joel S. Moskowitz explains how investors can buy a little-known certificate of tax bonds that pay high yields in their book The 16 Percent Solution.
As a bonus, although the author warns that this rarely happens, the investor could be kicked and turned off the property. However, he warns that property owners usually redeem, so investors must be satisfied with only high yields.
What is a certificate of tax lien?
When the owner of the real estate does not pay property tax, 27 countries and 1,152 cities and counties sell investors certificates of tax stock. The government immediately receives money from property tax. The investor purchases the tax stock, which is then secured for real estate.
Returns to tax certificates vary in accordance with national law. The highest rate in Arizona is 16 percent, Florida pays 18 percent and in Michigan the rate goes up to 50 percent in the second year. If the property owner does not buy property from the investor by paying back taxes plus a high interest rate, the investor gets ownership and ownership of the property.
New investors can start small, possibly investing a few hundred or several thousand dollars, and then later to buy more certificates of pledge. Although not all countries are smart enough to offer tax certificates to speed up tax collection, after reading this book, they will find out why they should.
At the time of writing, countries that currently offer tax certificates include Alabama, Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Nebraska, New Hampshire, New Jersey, York , North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Vermont, West Virginia and Wyoming.
An extraordinary addition to the book lists interest rates and procedures across countries. For real estate investors who want to earn high returns without physical asset management, this new book shows how to do it. It also explains several traps to avoid and how to buy the best certifications with the highest profit opportunities.
On my scale from 1 to 10, this excellent book rated a solid 10.