Passive Income from Tax Lien Certificates | PREI 105

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6 • 968 Ratings

🗓️ 18 June 2018

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Investing in tax lien certificates is an alternative way to include real estate in your portfolio, at least another source of income. When a homeowner falls behind on their property taxes, the county or municipality where the property is located can place a tax lien against the property. A tax lien certificate is issued usually by the tax assessor's office, verifying that there is a lien in place and the amount of taxes owed on that property by the current owner. According to the National Tax Lean Association, an amazing estimated $14 billion in property taxes goes unpaid each year. This is a pretty broad market for investors that most people don't understand. Ted Thomas explains how you can diversify a little and generate some extra cash using these tax lien certificates. Ted is a Florida-based educator, publisher and author of more than 30 books. His home study materials are international best sellers and draw clients from as far as Europe and South America. Find out how you can earn and make more money through an alternative form of passive real estate investing. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to passive real estate investing, the show where busy people like you learn
0:05.2	how to build substantial passive income while creating wealth for the long term.
0:09.2	And now here's your host, Marco Santorelli.
0:12.3	Welcome to passive Now here's your host Marco Santorelli's.
0:14.0	Welcome to passive real estate investing.
0:16.0	I'm your host, Marco Santorelli.
0:18.2	You know, investing in tax lien certificates
0:20.8	is an alternative way to include real estate in your portfolio, at least another source of income.
0:25.6	You know, when a homeowner falls behind on their property taxes, the county or municipality
0:30.1	where the property is located can place a tax lien against the property.
0:34.0	A tax lien certificate is issued usually by the tax assessor's office
0:38.6	verifying that there is a lien in place and the amount of taxes owed on that property by the current owner.
0:45.4	According to the National Tax Lean Association, an amazing estimated $14 billion in property
0:52.4	taxes goes unpaid each year. And you know this is a pretty
0:56.2	broad market for investors that most people don't understand and this is
1:00.4	something I personally have not looked into all that much. I understand it. I've looked at it. I've never pursued it.
1:06.9	And maybe I'll change my mind. But when a property has a tax lien, it can't be sold or refinanced until the past due taxes are paid. The lien
1:15.3	certificate itself however can be purchased by you the investor. So this typically
1:20.0	occurs through a public auction and it's organized and held by the county or
1:23.7	sometimes the municipal tax collector's office but auctions can be held in person or
1:28.4	online which is what makes this kind of an easier thing to do I'm not not saying it's easy, I'm just saying it's
1:34.3	relatively easy. I mean you wouldn't necessarily go to Zillow all the time to buy a
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Real Estate Investing with Marco Santarelli, Investor and Entrepreneur., and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Real Estate Investing with Marco Santarelli, Investor and Entrepreneur. and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.