Tax Lien Code

[Amaris Aguilar]

Hi everyone! 
I signed up for this 3 days boot camp with “Tax Lien Code.” 
Has anyone had past experiences with this company? Did you find value in it at all? 
Thanks in advance! 

[Ned Carey]

@Amaris Aguilar  I believe they have been talked about here on BP before. I dont know them specifically but generally most programs like this are based on an upsell to a more expensive program. 

Before you put dow $5-20K for training think about how much you woud have to invest to get that back at typical interst rates of 6% that most tax ae properties get bid down to.  Tax sale can be very rtechnical and speciic to each state or even each county. A genarel national trainer won't give you the detailed information that you need.  There is also no substiture for experience 

Get what you can out of the weekend but avaid the upsell.  You can get a lot of questions nswered here.

[Chris Seveney]

@Ned Carey

Best post of the day right here. I consistently see people with $10-$20k spend most of it on training and being told by these gurus they can make 30-50% returns with their eyes closers only to realize it will take 48 years to make back the cost of the training.

[Bruce Lynn]

I agree with @Ned and @Chris   also don't fall for buying any monthly software subscription.   You probably won't need what they have to offer.  Often lists for your area are free, or if you pay for a subscription from a local provider it probably will have more helpful detail you will want.

Have fun, but leave your credit cards and checkbooks at home so you won't be tempted.  Never run to the back of the room for the special.

[Don Konipol]

Quote from @Amaris Aguilar:

Hi everyone! 
I signed up for this 3 days boot camp with “Tax Lien Code.” 
Has anyone had past experiences with this company? Did you find value in it at all? 
Thanks in advance! 

The following is based on my personal experience and is my opinion; it may differ substantially from others

Attending seminars, boot camps, introductory lectures, etc., put on by people trying to “upswell” mentoring services, is the singly WORST thing you can do to launch your real estate career.  Here are the reasons

1. The information you receive is geared to motivating you to purchase additional services, at a large price. Hence the “information” is inaccurate, exaggerated, or plain incorrect.

2. You are led to believe that the guru will provide all the knowledge and information you need to be successful in some aspect of the real estate industry.  In reality to be successful in real estate you need knowledge of real estate principles, real estate finance, real estate law, and real estate practices. NONE of these is part of the “education” being offered.

3. You are fed unrealistic expectations, and told if you don’t succeed it’s your fault, because you’re being provided all the tools you need for success.  And told tales of people “just like you” who are less educated, have less money, and are less smart that made big bucks.  It’s total BS, or, it’s random luck of a very small percentage, like winning a lottery.

4. The “gurus” feeding this information are usually paid actors who have limited or no experience in real estate investing or the real estate industry.  Those that do were usually unsuccessful and or went broke.  What they did was hook up with one of the professional seminar producing companies that have fine tuned this crap to be able to hook people wanting a better financial future into spending $40,000 that will most likely never result in any income, let alone change their life’s.

People buying these mentorship programs are hoping to be able to cut short the process of education, experience, and capital needed to be successful in this endeavor.  

So what is the path to being a successful real estate investor?

1. Research (on line) for UNBIASED information about real estate
2. Read real estate articles in WSJ, NY Times, various real estate journals and magazines, real estate websites
3. Take a course or two in the basic principles of real estate.  A good basic course is usually the one taught as a preparation for getting a real estate license.  For more real estate investment oriented courses, CCIM offers 4 courses.  Also many colleges offer “principles of real estate” courses, “real estate financing” courses, etc.
4. Get a JOB in the real estate industry.  Apprenticeship is still the best learning mechanism. 

5. Accumulate a “grub stake” through a program of saving part of your income 

[Tiago Montoya]

It has been a while since the original post.  What has your experience with the Taxliencode company?  How has your tax lien/deed purchase journey been?  I recently went to the 90min seminar.  I was really interested in the software they use but not ready to pay 1k + $40/mo without more proof of the value. Thank you for any help you can provide.

[Bruce Lynn]

There are several experts in Tax Liens and Deeds here on BP.  I've never heard any of them using 3rd party software to tell them where and when to bid.

Somehow I doubt these national trainers actually teach you enough and are experts enough to make using their software easy.  I think they're selling a revenue stream for themselves.  I've sat in on some of the 90min deals too and could tell pretty quickly that they weren't the experts they say they are and certainly gave a lot of false information about how sales work locally.  They flat out lied about several issues, so I could tell those presenters weren't credible.   So if it starts out like that, getting you to pay $1000 and monthly fees probably doesn't get any better.

[Richard Elvin]

@Tiago Montoya I'm not an expert, but have spent a significant amount of time and energy researching tax liens/deeds in my state and the state adjacent to me. (TN and GA)

I'm not sure how the software you've referenced would add value? What did they promise it would do that you can't do yourself? If it's supposed to do due diligence for you I would suggest that it is worse than useless. The software will not be harmed if you buy something that devastates you financially. Investing is risk, knowing what you are risking and assessing if the return is appropriate to the risk you are taking is crucial. 

Auction.com is free and has event notifications if you want to know when/where auctions are held. 

If you are wanting to know resale value, zillow.com's recently sold listings can give you direction on that. It's part of due diligence to know for yourself, not some software's opinion, what a specific property is likely to resell for. (If you are looking to flip, you didn't mention what your strategy is)

Best to you in your endeavors!

[Billy Cowell]

Quote from @Tiago Montoya:

It has been a while since the original post.  What has your experience with the Taxliencode company?  How has your tax lien/deed purchase journey been?  I recently went to the 90min seminar.  I was really interested in the software they use but not ready to pay 1k + $40/mo without more proof of the value. Thank you for any help you can provide.

 I am in the same situation 

[Luis Castaneda]

Quote from @Billy Cowell:

Quote from @Tiago Montoya:

It has been a while since the original post.  What has your experience with the Taxliencode company?  How has your tax lien/deed purchase journey been?  I recently went to the 90min seminar.  I was really interested in the software they use but not ready to pay 1k + $40/mo without more proof of the value. Thank you for any help you can provide.

 I am in the same situation 

 How did it go for you? Recently signed for their 3 day fundamental workshop. Not sure if I should cancel it. 

[Paula Pugh]

I wished I had seen these posts sooner. I recently attended the 90min course last Saturday, in Nashville TN. I signed up for the workshop also, but it's too late the cancel (3 business day window policy to cancel). I'm going to attend it and write it off as a business expense. In any case, I don't plan on getting the monthly $40 subscription. Now that I have the foundation I needed from the mini-course, I'll be doing most of the research on my own.