Simple Real Estate Tax Liens

[Crystal Chang]

Hello Fellow Investors!

I just attended an education sales seminar calling themselves "Simple Real Estate."  The speaker guaranteed the listeners that we can earn 24% investing in tax liens from Florida. Also, they said they have pre-vetted all the liens already, ensuring that we will be buying liens on great properties.  

My question is if the tax liens are so lucrative, why does the speaker himself not just reinvest everything in tax liens and just make a fortune instead of selling the tax liens to us? Also, the speaker says he does NOT purchase his tax liens at the auction.  If that is the case, where does he purchase his tax liens?  

Aren't tax liens subject to a bidding process where if there are enough bidders interested in a tax lien, the returns are bidden down?

Any advice and guidance would be highly appreciated.

Thank you,

Crystal