Q&A's
1. What is a Tax Lien Certificate?
A Tax Lien Certificate is a certificate of claim against a property that has a lien placed upon it as a result of unpaid property taxes. Tax lien certificates are generally sold to investors through an auction process.
2. Can anyone invest in Tax Liens?
Anyone in the world can invest in Tax Lien Certificates in any county and in any state.
3. Do you have to attend an auction to invest?
You do not have to attend a Tax Lien auction to buy Tax Liens. You can buy them directly through the county from an Assignment of Purchase.
4. How much money does it take to invest in Tax Liens?
You can invest in Tax Liens with any dollar amount.
5. What is a Redemption Period?
A Redemption Period is no more than a "Grace Period." The amount of time the homeowner has to catch up and pay their property taxes to their county.
6. Can you create short-term and long-term strategies investing in Tax Liens?
Yes, you can buy Tax Liens and create residual income, as well as long term holds to gain compound interest.
7. When do I get my money back?
You will receive your investment back when the property owner pays their property taxes + interest + penalties the property owner has to pay.
8. What are the risks involved in investing in tax lien certificates?
The risk of investing in Tax Liens is lack of knowledge and not being trained properly to invest in Tax Liens.
9. What if there are pre-existing liens on the property?
If you buy a Tax Lien Certificate you are automatically in First Lien Position.
10. What if the IRS has a lien on the property?
All liens have have to be cleared to create free and clear title on all real estate.
11. What if the lien goes past the redemption period?
You can foreclose on the property if you own the Tax Lien Certificate on that property.
12. What happens if there’s a mortgage on the property?
If there is a mortgage on the property the bank will have to cover the property tax debt + penalties + interest to protect their mortgage position.
13. What’s the difference between a Tax Lien and a Tax Deed?
A Tax Lien is a legal designation that one party has rights to collect proceeds or value from a property. All liens are subsequent rights to receive value from an asset. A Tax Deed is the full transmittal of the title of a property due to property tax delinquency.
14. Do you only get a return on your money or can you end up owning the property and how?
You can get a handsome return on your money and/or end up owning the property. If the homeowner fails to pay their property taxes within their redemption period, you can foreclose and own the property.
15. How much time goes into investing in tax liens?
As little as 15 minutes a month...Once you are trained by Dane Wealth Academy.
*BONUS QUESTION: HOW CAN I LEARN MORE AND HOW CAN I GET STARTED TODAY?
Choose the right Dane Wealth Academy Training Course for you and start investing in Tax Liens and Tax Deeds with Dane Wealth Academy's 100% Support and 100% Guarantee.
