The 16% Solution, Revised Edition: How to Get High Interest Rates in a Low-Interest World with Tax Lien Certificates
With home foreclosures at an all-time high and the erratic stock market damaging 401(k) accounts, people are looking for innovative ways to invest their money.\ Moskowitz explains what tax lien certificates are (liens against property for unpaid taxes), why they are safe (certain states insure them), and how they fit into an overall financial plan. This new edition includes updates to the laws and procedures of states and counties that offer tax lien certificates.\ * The 16% Solution has...
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With home foreclosures at an all-time high and the erratic stock market damaging 401(k) accounts, people are looking for innovative ways to invest their money.Moskowitz explains what tax lien certificates are (liens against property for unpaid taxes), why they are safe (certain states insure them), and how they fit into an overall financial plan. This new edition includes updates to the laws and procedures of states and counties that offer tax lien certificates.* The 16% Solution has been updated to reflect current legal requirements and information.* Seen as a great investment solution: "If you become a buyer of tax liens, we recommend reading The 16% Solution by Joel Moskowitz. It's a worthwhile investment." --Ken and Daria Dolan, Straight Talk on Your Money.
Preface to the Original Edition vForeword viiSection 1 Why You Need Tax Lien Certificates 1Chapter 1 What Are Tax Lien Certificates? 3Chapter 2 Why Would You Want a Tax Lien Certificate? 8Chapter 3 How Do Tax Lien Certificates Fit into Your Investment Plans? 12Section 2 How You Can Buy Tax Lien Certificates 25Chapter 4 Selecting an Area 26Chapter 5 What to Look for in Properties 30Chapter 6 Bidding at Local Auctions 34Chapter 7 Bidding Online 39Chapter 8 Armchair Values in "Leftovers" 43Chapter 9 Buying from Other Investors 45Chapter 10 Getting Local Officials to Help You 47Section 3 How to Get Your Money or the Property 51Chapter 11 How to Redeem Your Certificates 52Chapter 12 Foreclosing on Tax Liens 54Chapter 13 Managing and Marketing Foreclosed Properties 59Section 4 Avoiding and Managing Risk 63Chapter 14 "Worthless" Properties 64Chapter 15 Environmental Problems 70Chapter 16 Bankruptcy 77Chapter 17 Scams 86Chapter 18 FDIC Liens 88Appendices 91Appendix I Chart of State Laws 92Appendix II The 16% Winner's Circle 93Appendix III Environmental Forms for Commercial and Industrial Properties 166About the Author 175
