Tax Lien Investors Buyer Club Website? Is It A Scam?

[Chris Marshall]

I purchased access to the tax lien investor buyers club at a event in St. Louis cause it was on sell and i thought it would work a certain way but so far it doesn't work that way and they are advising me that i should be looking more for the primary market cause they are a secondary market. I have like 2 weeks left to get my money back if i want to. and its been hard to get a hold of them and its starting to rub me the wrong way. I just want to know has anyone used them and are they actually worth it?

[John Aimon]

I have invested in tax lien certificates before with a return of 26% in one county and 36% in another.  Yesterday I attended the seminar from the flip or flop guys.  They were not completely truthful about tax liens.  They neglected to mention that IRS liens and some other liens can be in position ahead of a county tax lien.  Additionally, I felt like the liens they would be offering you would be the "leftovers", the ones they don't want or that the bank does not want.  I also caught them saying something that is outright not true.  The presenter was talking about getting a tax lien where you could get 18%.  That 18% is supposed to be 18% PER YEAR.  He was telling people that if they wrote a  check for the tax lien and it was paid off sooner that they would get the full 18%.  That is not true.  If that lien is paid, say 3 months after it is in effect, you are only going to get 3 months of that interest, NOT 18% that is for the full year.  They kept saying how this was not a high pressure sale.  From the rehab part of the program to the tax lien part, it was nothing BUT hard sell and pitch, pitch, pitch.  The presenters would ask a question, and say would you agree?  Yes or no.  Obviously they wanted you to say yes.  In sales, if they get you to say yes to something 6 times, they figure they can get you to say yes to anything.  Then they would ask a question and say "If you agree, raise your hand and say yes!".  Then if people didn't raise their hands, they would mock the people that did not raise their hands.  It was very pushy.  Then at the end of each portion, they would tell people to stand up.  If they didn't, they would badger you til you did.  Then they said, "Follow me to the back table and I'll show you how to sign up.  Come on.  Come on.  Let's go".  It was one of the pushiest sales presentations in real estate seminars that I have seen.   You'd be better off going to your local real estate club and learning from people who have nothing to sell you but a membership.