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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: $11.92 as of 3/10/2010 04:39 WIT details You Save: $10.08 (46%)
New (18) Used (8) from $11.92
Seller: ---greatbookdeals Rating: 9 reviews
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
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 9
Great Information December 25, 2007 J. L. Patterson (Nashville, TN USA) 7 out of 7 found this review helpful
This book had some really good information. It is well written by someone who has spent a lot of time buying tax liens. The author does not give any false hopes and is very realistic about what to expect.
A "must-read" of both basic and advanced tips for anyone considering investing in real estate tax liens. May 6, 2008 Midwest Book Review (Oregon, WI USA) 4 out of 4 found this review helpful
Now in an updated second edition, Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time is a straightforward guide to making money through relatively safe investment in tax liens (sometimes called tax deeds, depending on one's state). Profit by Investing in Real Estate Tax Liens covers how to purchase tax liens or deeds on the Internet, the difference between tax liens and deeds, a walkthrough of the bidding process at tax sales, the requirements of tax liens and tax deeds as well as how they differ from state to state, how to protect oneself against the most threatening risks, and much more. Author and Florida attorney Larry Loftis has literally millions of dollars' worth of experience in real estate investing; he presents the ins and outs of these lucrative opportunities a straightforward, easy-to-follow terms for readers of all backgrounds. "...many properties can be bought for very low prices, perhaps for even pennies on the dollar. However, many properties are not worth buying! For example, you might buy a vacant lot that is so small it is unbuildable. Or the lot is configured in such a strange way that it is also unbuildable, except possibly for use as a parking lot. In other cases, the property might be under water or next to or part of a drainage ditch! So in tax deed investing, rule number one is always to personally view the property." A "must-read" of both basic and advanced tips for anyone considering investing in real estate tax liens.
Practical advice August 1, 2009 Bobby Joseph (Michigan USA) 2 out of 2 found this review helpful
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.
Easy to understand and very detailed February 22, 2009 Grant (Florida, USA) After searching through the internet and other content for tax deeds and tax certificates, I finally found a reliable and step by step guide on how to really invest in tax certificates.
Very helpful to read about the author's personal experience and his tips. I was able to follow his advice, page by page and within a short time of reading his book, I was able to participate in my first tax deed sale. The book made me feel comfortable knowing what to expect every step of the way. I highly recommend this book.
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.
Showing reviews 1-5 of 9
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