Any Experience with Carnegie Prosource Tax Liens Training?

[Annie Bollini]

Is anyone familiar with the Carnegie Prosource Tax Lien training? Has anyone taken their training/used their software? I went to the free seminar and paid $300 for the 3 day class next week. I have wanted to learn about tax liens, and this seemed like a good step. It doesn't sound like they are selling a system but rather they profit when you buy more advanced trainings. They say they provide all who attend the training an easy to read list of liens in whatever county you choose and access to their software...free... I'd love any insights from those with experience in tax liens or this training group. Thanks!

[Ned Carey]

@Annie Bollini  I never heard of them. $300 is probably a good way to learn some basics.  But keep your wallet in your pocket.  I suspected it would be as @Adrienne Medina mentioned. They make their money from advanced training and selling liens.  My strong belief is the training will still not give you what you need and the liens they are selling are crap. It sounds like they are playing on your ignorance. 

There is no reason to "sell a lien cheap" for the original holder of the lien unless they know they have a looser. It would be a rare situation that someone would sell at a loss when they know they can hold on a recoup their investment with interest. I have sold some of my liens but I sell them at a Premium not a discount. 

"we make it up in volume" is generally a bogus line. Very very few businesses can do that. 

"We will help you vet the liens" So they are going to help you get the best ones so they are stuck with the worst ones?

"with this method of buying after redemption" The redemption period in many areas doesn't end until the foreclosure is final. That is what "Foreclosure" means; to foreclose the right of redemption. 

"1 in 10 end in a property as opposed to 1 in 100 for a do it yourselfer."  Other companies that do this are selling crap liens and the reason they have a high foreclosure rate is it is property no one wants. 

Tax lien investing is a very competitive business. The margins are slim especially for the big guys. There simply isn't room for a middleman and you to make a profit. 

Yes learn what you can and you can do well in tax lien investing. I do. Rely on a company like I suspect these people are and you are asking for mediocre results at best. Why pay big money to get poor results?

I base the above on 15 year of tax lien investing. Annie, I invest in MD so I know specifically what I am talking about here.