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Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time |  | Author: Larry B. Loftis Publisher: Kaplan Publishing Category: Book
List Price: $22.00 Buy New: $12.73 as of 7/30/2010 06:41 CDT details You Save: $9.27 (42%)
New (16) Used (11) from $11.75
Seller: ---greatbookdeals Rating: 12 reviews Sales Rank: 11088
Media: Paperback Edition: 2 Pages: 240 Number Of Items: 1 Shipping Weight (lbs): 0.9 Dimensions (in): 8.9 x 7.3 x 1.2
ISBN: 1427795959 Dewey Decimal Number: 332.6324 EAN: 9781427795953 ASIN: 1427795959
Publication Date: November 6, 2007 Availability: Usually ships in 1-2 business days
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Product Description Profit by Investing in Real Estate Tax Liens, the only tax lien book written by a tax lien investor, has been the top-selling tax lien book since its first release in November, 2004. In this second edition, attorney and tax lien investor Larry Loftis not only teaches how to invest invest in tax liens and tax deeds, he provides insightful, first-hand experience from his purchases around the United States. Having purchased millions of dollars of liens (and deeds) in 11 states and attended auctions in 5 additional states, Mr. Loftis provides stories from different locations around the country, giving tips on how to avoid risks, and how to beat the competition. He provides technical knowledge that only an attorney can provide, as well as "tricks-of-the-trade" that only a seasoned investor can provide. Profit by Investing in Real Estate Tax Liens also debunks the common myth that tax liens are found only on run-down properties, and shows that liens exist on every type of property. Author Loftis, who has purchased liens on properties owned by famous athletes like NBA stars and world champion boxers, national banks (like Chase Manhattan Bank and LaSalle National Bank), and even a building whose major tenant was the local sheriff's department, reveals that he has seen liens on properties owned by a 9-time Wimbledon champion, a 3-time Masters champion, a Cy Young and World Series winner, a movie icon, an international celebrity athlete/model, and even properties owned by cities, the U.S. Post Office, and even the U.S. government! In this authoritative guide, Loftis helps investors avoid the pitfalls while answering all the key questions they need to consider: * What states are lien states and what states are deed states, and how do they work? * What about the "hybrid" (as Loftis calls them) states like Texas and Georgia? * How does an investor go about bidding at tax sales? And what is the due diligence required? * What are the different requirements in each state? * Where are the risks in this type of investing, and how do I avoid them? * How long do I have to wait to get paid off, and what rate of return can I expect? * How are counties selling liens and deeds using internet auctions, and how do I start? (edited by author)
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| Customer Reviews:
Showing reviews 1-5 of 12
Best on the subject May 15, 2010 L. Porter (VA) This is probably the best book to buy on the subject, especially if you live in Florida where the author resides.
However, the latest edition is outdated already. There are no tax lien auctions to attend in Florida, as most
all counties hold their auctions on-line. You have two weeks to post your bid and you have no idea what
others have bid. The computer randomly selects the winner where tie %'s exist. How does one compete with
a group of 615 bidders? The big boys now can bid auctions in every county without ever leaving their offices.
Not much left except vacant lots.
If you live in other states this would be the book to purchase as the author actually buys tax liens and has
many helpful hints and guides.
Profit by Investing in Tax Liens April 5, 2010 Charles Glazer (Fort Myers, FL, US) Made the details of this form of investing easy to understand and the potential pit falls.
Impressions and comments April 1, 2010 C. Lima (HOUSTON, TX, US) This is an excellent, well written book; full of examples of real transactions completed by the author. Very helpful advice and tips given in every chapter.
I recommend this book to anyone looking for great advice and guidance on how to start investing in this field.
good book for investors February 11, 2010 Robert K. Leatherman (Orlando, FL) good book, i think it gave all the info you need. sometimes important items were just mentioned and he could have made a checklist for how to evaluate a worth while property but i don't think he wanted to sway people. everyone has what they believe in. i like the simple way he writes. How can you tell if a property is likely to go into bankruptcy.
A good introduction November 10, 2009 Nervhq7 (IA) 4 out of 5 found this review helpful
I bought this book after hearing about real estate tax liens in Rich Dad, Poor Dad and having attending a local lien auction. I really wish that I had found it before that auction, as it cuts through the legalese and manages to provide a concise summary of the pros and cons of bidding at these auctions as well as the various rights one has as a lien holder. The author walks you through the process of selecting an auction to attend and what to bid on, but this process will require some time consuming due diligence to work.
I'll agree with some of the other reviewers and say that the author does focus on his home state of Florida, which is alright, especially since he does also include a lengthy summary by state of how the auctions work in each state. However, as the book is a couple of years old, these summaries may be outdated in your area and may even vary at the county level (they do in Iowa). So, this book is a good starting point, but be sure to investigate the actual terms with the local tax assessor's office before you bid on any liens or deeds.
In all honesty, I wish that the author had included fewer photos of bidding lists and properties and more stories of his experiences, especially the newer, online bidding auctions.
When I went to bid, I found that there were multiple groups of people that were just buying for one set of companies. Due to their numbers they were selected most of the time in the lottery system, as opposed to those individuals that were just biding for themselves. This is quite different from the author's experiences, which there was just one or two people representing a bank.
Showing reviews 1-5 of 12
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