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Updated almost 16 years ago on . Most recent reply

User Stats

32
Posts
0
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Marko Petrekovic
  • Real Estate Investor
  • New York, NY
0
Votes |
32
Posts

tax deeds

Marko Petrekovic
  • Real Estate Investor
  • New York, NY
Posted

Hi there. I am 26, and am new in investing world. Wright now I am studying about tax liens and tax deeds and one thing I don't understand: when you buy tax lien certificate, you become the owner ot that tax lien, but when you buy tax deed, you become the owner of the property. So, if I buy deed, why do I get only interest(16-24%) when the property owner fails to redeem? Shouldn't I get the property insted the interest on delinquent tax? Because if my profit is only the interest, tax deed seems like the same thing as tax lien certificate. I can not sleep at nights, those questiones are driving me crazy. Can somebody please explain it to me??

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