Texas Tak Lien Deed Mentor

[Shital Thakkar]

Hi,

any good mentor in DFW area to learn Tax Lien / deed?

[Josh Carr]

@ Shital- Texas is a redeemable deed state.  So it's a deed state but it acts like a lien.  The difference is that you pay for the deed and then wait for the redemption period to pass until you can take title to the property.  The upside to this is that there is a 25% interest rate which acts as a penalty.  Payable upon redemption.  You can either acquire the property, after the redemption period or gain your investment back plus 25% interest.  The redemption period is 6 months for all properties without an exemption, homestead or otherwise.  The exempted properties are up to 2 years with an additional 25% interest after the first year making the interest rate 50%.  Very Nice.  If you do acquire the property then the profit potential is much better of course.  You do have to attend the auction in person and they are held the first Tuesday of every month.