Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time

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 However, as the book is a couple of years old, these summaries may be outdated in your area and may even vary at the county level (they do in Iowa).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.

I bought Tax Lien books written by Larry Loftis, Jamaine Burrell and Don Sausa and read them in the order listed. All are excellent books. I recommend that you buy all 3 books if you are serious about understanding tax lien investing. I have posted reviews in a "bundled" fashion under all 3 books. You can buy all 3 books on amazon for 449.Loftis consists of 3 parts and 2 appendices. Part one talks about tax liens, part two about tax deeds, part three about the list of states. He discusses procedures of purchasing tax certificates, strategies for investing through liens/deeds, how to compete effectively against the so-called "institutional" investors. He shows the reader how to calculate the yield under different scenarios.Burrell's book is very detailed, matter of fact approach. All the benefits and pitfalls are covered. There are 11 chapters that discusses in detail liens, deeds, tax sale procedures, delinquent properties, bidding, income and growth, how to obtain financing, legal issues such as setting up LLCs or PCs, foreclosures, various state laws etc.Don Sausa has takes a complex subject and simplifies it. After reading the first two books, reading Sausa's book is a breeze. It suggests a chapter a day but I think you can probably read through this entire book in about 3 hours. If goes step by step.Investing in tax liens requires, time, patience and money. One cannot do this "on the side" but it can certainly be a full time job and I can see the potential rewards.

The Good:The book clearly maps out everything you need to make a strategy for investing in Real Estate tax liens. Mr. Loftis uses plain talk to clearly state what works, what doesn't, and what to avoid. Best of all, he gives you some armor to avoid some of the hype machine this kind of investing is rife with.Best of all, the book contains a good amount of reference material for ALL 50 states. Something I haven't found in other books..The Bad:This book (2nd edition, 2007) is in dire need of an update. The 2006 frame-of-reference give you no impact of the 2008 market crash or the continuing foreclosure crisis. Much of the information here is timeless, but Larry's examples are not. It isn't just the dated references to Wachovia bank, foreclosures are no longer rare and there are additional complexities brought on by the foreclosure crisis (where some banks have chosen to sit on deadbeat property for the purposes of their own balance sheet).Two fixes for this would be: 1> an update that contextualizes the housing market crash. 2> something more timeless that takes a less immediate in-the-now approach and talks about different markets.

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 mostall counties hold their auctions on-line. You have two weeks to post your bid and you have no idea whatothers have bid. The computer randomly selects the winner where tie %'s exist. How does one compete witha 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 hasmany helpful hints and guides.

It answered a lot of questions I had about tax liens. It helped me determine if I should go forward with this kind of investment.

Good information is you have never purchased tax liens before (like me). An easy read and good information to understand some of the basics. Will probably need to do a bit more reading and reasearch before i start trying to buy tax liens but this book was a good starting point. After reading it i was able to quickly able to spot e-Bay auctions that were less than truthful about the leins ther were selling.

I liked it, no frills honest and to the point. In fact I subsequently attended a seminar on the same subject and was amazed thatthey failed to inform on so many of the features of buying Tax Liens that the book had highlighted.

Very practical and useful! It gives me a lot of useful information.

Lockerer Schreibstil, kompetenter Autor, wertvolle Tipps, gut zu lesen. Habe bisher keine bessere Lektüre zum Thema gefunden, weder on-, noch offline. Meistens versucht jemand etwas zu verkaufen und hat selbst kaum Ahnung vom Thema. Dies ist hier nicht der Fall. Gerade im deutschsprachigen Bereich begegnen einem in diesem Zusammenhang immer die gleichen zwei bis drei Namen.