Investing in Tax Liens For Profit and Fun – One of Kirk’s Favorite Asset Classes

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 2 October 2020

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

This is one of Kirk's favorite asset classes. Learn why he loves investing in tax liens and you should too.

Industry insider, Joanne Musa, talks about why investing in tax liens is a secret way to wealth. We discuss where you can find the best tax liens, the best states to consider, the risks and rewards, what you need to know to be successful, and why some of the largest Wall Street banks don't want you to know about it.

For more information, visit the show notes at https://moneytreepodcast.com/investing-in-tax-liens-joanne-musa-tax-lien-lady

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Barbara Friedberg | Barbara Friedberg Personal Finance
Megan Gorman | The Wealth Intersection

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Hello, Smart Money Tree Podcasts listeners.
0:13.0	Welcome to this week's show.
0:15.0	My name is Kirk Chisholm and I'm going to be your host.
0:17.0	So today we're talking about one of my favorite asset class is tax liens. And we have our guests
0:23.9	here on the show. We have the tax lien lady, Joanne Moussa. How you doing today, Joanne?
0:28.6	Hi, Kirk. I'm doing great, and I'm honored to be here.
0:31.8	Glad to have you here. I've known about you for quite a long time, and I'm glad to have a chance to actually chat with you.
0:41.6	You're up in the, I guess, kind of the northeast area, and you're in New Jersey, right?
0:46.8	Well, actually, I started investing in New Jersey, talked about this, I think, about a year ago,
0:56.3	and I love this topic. So how did you get started in tax liens? This was about 2002. I was living in
1:03.9	New Jersey at the time. We had sold our condo the year before. We had three growing boys. When we moved into the condo, it was a two-bedroom
1:12.8	condo. We had our first baby. And now we had three growing boys and we wanted a house to live in,
1:19.1	a three-bedroom house with a yard where the kids could play and not worry about all condo
1:24.9	association rules. And we couldn't find anything at that time. This was
1:30.4	2001. Prices were starting to go up. There was nothing available. We figured, well, if we couldn't
1:36.5	buy, we would rent. Well, there was nothing available in the town where we lived. And we even went out
1:42.8	to another county and couldn't find a house that we could afford.
1:47.1	We rented for a while in the town that I grew up in, in Milburn, New Jersey. And I was reading,
1:54.9	I was reading books like multiple streams of income, rich dad, poor dad. They just said a little bit about tax lien investing.
2:03.3	So it kind of piqued my interest and I wanted to learn more. So the only book in print back
	...

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