Anyone signed up for US Tax Lien Assc training 5/16-5/18?

Question

Did anyone sign up for US Tax Lien Association 3 day workshop 5/16-5/18 in Burlingame Ca? I missed the registration deadline and would like to be your Significant Other if you don’t have one to attend with.

Ned Carey · Answer

Account Closed

Glad it was a free class. The problem with most tax lien training is it is not specific enough. The rules vary so much from state to state.

You find Mortgages in the land records. Many states land records are on line. In most states if you foreclose on the property, mortgages are wiped out. I would not expect most tax lien lists to supply whether there is a mortgage or not.

I don't know. I would be concerned that it is a mistake and the lien may be voided. You would certainly get your principal back but on voided liens you usually do not get any interest. On the other hand it might be a very safe lien and you can count on earning your interest.

This is one of those specifics you  are never going to learn in a class. In a similar situation, I often see churches in the Baltimore tax sale. I asked my attorney and he "While the churches are exempt from taxes they are not exempt from water bill or city citations."  So here is one of our recent foreclosures.

John Underwood · Answer

Don't pay for training on Tax Liens. You can get what you need on BP.

Bruce Lynn · Answer

My thoughts are don't pay for this training.   It is tricky to get good training on tax liens and deeds, but this is in my opinion not the right place to get it.   I'm sure they probably have different presenters in different places, but the one I saw give the free workshop in Dallas area told flat out lies and was not familiar with our local procedures.   They told enough BS that it was not worthwhile for me to move forward.

My thoughts on how to learn is to go to the sales.  Talk to people, trade business cards, network, ask questions.   See if your county has seminars on how to buy.  Ask questions here.

You really want to learn from a state specific expert and even better from a local expert.   The national guys are just too general in my opinion.

Ned Carey · Answer

Account Closed I wasn't going to comment because I have no direct experience with the US Tax Lien Association. However my suspicions echo the comments above. I have seen one of their promotional videos which is full of the same guru bunk I see elsewhere.

They say things like "the government guarantees your return" That is absolutely untrue. The government gives no guarantee on tax liens.

The reality is the way the game is played today with big money coming in is it is low to modest reward with significant risk. The way for a small investor to compete in tax liens today is find a less competitive market or find a particular niche strategy that works where you are

Account Closed · Answer

@Ned Carey Great nugget of information about Churches- that's a nice one to boot. I'd love to hear what you end up doing with it.

Thanks for the info

Joe Donohue · Answer

You are asking about a scam tax lien "trainings" and talking about a lien you already purchased in the same post?  *Hand to forehead*My suggestion is stop going to retail trainings & seminars and second, QUIT BUYING LIENS.  Instead I suggest: Attend 10 (TEN) Auctions in-person without investing any money.  Network with the other bidders.  Learn the system on a local level.  The in-person part is essential.  So is the local level part.  And the no money part.  Be less willing to part with your money so easily.  Be more willing to put in some hard work.  On your eleventh auction you will find an opportunity and make a true investment.  Not promising you that, but at least you won't be having these types of questions.Good luck

Wayne Brooks · Answer

Total garbage. They resell a bunch of low value/worthless tax liens.

Allan Szlafrok · Answer

@An Lam Have you read Michael Pellegrino’s book on NJ tax liens? He’s the expert in the space you may want to reach out to him about your specific situation. He’s an attorney by the way.

Jay Hinrichs · Answer

there are no strategies  but they can be complicated you just need to get on the counties or states websites and read how they work.. anyone who has graduated high school can figure it out.. its not tough

many of these companies do these feeder events.. and are really just looking to dump their liens on newbies.

Ned Carey · Answer

Account Closed

Well the first thing we did is put in a sump pump and pump out the basement. More recently we boarded up the windows and re-sucured the building as the junkies were breaking in a stealing the stained glass.  That is pretty sad when you have to steal from a church!

We have listed it with a commercial broker that specializes in churches and places of worship. Who would have thought there was such a broker?

Anyone signed up for US Tax Lien Assc training 5/16-5/18?

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