I am sure this post has been posted but I am looking for recommendations on current books on beginning in tax lien investing. Anyone have any good recommendations?
thanks
I am sure this post has been posted but I am looking for recommendations on current books on beginning in tax lien investing. Anyone have any good recommendations?
thanks
Ok, since no one here could recommend any good books, I suggest people go to amazon and search for tax lien books there based on the user ratings. That is what I did. I purchased a couple of highly recommended books and will post some comments here after I have read them to try to help anyone that finds themselves in a similiar place as myself.
Question???? What is the advantage of getting a tax lien BOOK over going directly to the taxing authority and getting their printed literature?
Here in Missouri it seems like each and every county is different from the next. I can’t think of any case where someone from a far and distant place can write a book that would cover all the various methods the counties use.
My thoughts are to go to the county collectors (those who sell the tax liens), get their printed literature, read it and ALSO get a copy of the state statutes and read - no, study them.
I can see an advantage in a tax lien sales book in that it might give insight into the process, but it sure won’t / can’t cover the various differences each county uses.
Example: Some counties give you 10% interest per year (.08% month, some give you 10% the day after the sale, some only give 5%. Some counties REQUIRE you have title search done by attorney or Title Company, some reimburse you for the expense, others don’t, and some counties let you do your own title search. I guess I could fill the rest of the page but think you get the idea. And all this may be different depending if you are buying in a First Class county or a 2,3, or 4 class county. (Class is determined by population) Disclaimer: I think most of this is correct
Thanks for the input haynesm. I do agree with your logic. The books are just for understanding the market place and investment vehicle. Since NJ is done at the town level, I am not sure what literature I will find but I will certainly keep an eye out for it!
Books may give you an idea and get you motivated.
But you need to know your state law.
I know my state law very well, but even so I always hire an attorney since there are maybe 10 to 15 attorneys in the state that know and do this every day. I don't want to match their skill or knowledge. I am happy to have them do it.
I have done Pro Se cases, but would not hesitate to call an attorney especially if there is an opposing party.