Tax Lien Wealth Solutions

[Dan Bass]

Hello, I listen to a lot of podcasts and try and check out companies that are presented on them when I can.  One company on a podcast is named Tax Lien Wealth Solutions. Its founder is the first female certified Tax Lien specialist and seems to know her stuff.  The FB page seems to have some info but older posts.  I don't see reviews per se online for good nor bad either.  

I have done my own tax lien years ago and failed as I see many on BP have done as well with companies.  I'd love to be able to add this to my tool belt, but would like to reach out and see if others have experience with this particular company and its reputability.  

I'm ok with some work to be done on the tax liens, so I am not expecting a truly passive vehicle here. Research needs to be done on any investment and property as well.  

Any help would be much appreciated as I am sure others might be thinking the same as we enter 2021 with distressed owners' tax rolls.

Thank you and be well. 

[Carol Walls]

Dan, I have been investing in tax liens for 20+ yrs. Every County in every state follows their own rules . Half of the states sell a lien, and the other half of the states sell the actual deed . You first need to figure out if you want a lien, Which pays interest and is not the property, or do you want the actual deed/property. This info is all easy to find on County websites . Each County will have the full Information section That explains their process of bidding and buying . We like buying liens in Iowa . If they go 2 years and still haven't paid their tax We hire an atty and foreclose for the deed and it just becomes ours. If they do pay the tax we get 2% for every month that they were delinquent... That's 24% a year ! Other states like Florida, After holding the lien for 2 years, Allow the county to sell it at an auction to the highest bidder . You don't automatically get it By foreclosing Like in Iowa . If you really want to own that property you would attend the selling of the deed auction and bid against other investors. So research where you want to be and decide if you Want a lien or a deed. A lot of these counties are doing these auctions online nowadays . The research is a little tougher if you can't actually drive by the property and make sure there is a building still standing and not burnt out . Google Maps a lot of times our old photos and you don't know . This is the risky part of this investment....Unless you have a bird dog that can drive by these properties or you take the time to drive by these properties