They need to fund their essential services (fire, police, schools, etc) and do not want to be in the collections business.- The funds used to purchase a lien can come from a Roth IRA because those accounts allow for discretionary investment, and purchasing a lien is considered an investment.Is it true that this is a very safe investment because you are guaranteed to, at the very least, get back what you put in... very likely to get a substantial return through the accrued tax debt interest... and also possibly becoming the owner of the property simply by being the lien holder for a number of years.It looks like, from what I was told, this kind of investment is more about money than property.

This can be done at no cost to you in one of two ways:1) Find a company that will collect their fee (usually 30%-35% for single tenant's overdue rent) from the tenant upon collection, e.g. if they owed you $1,000, the collection agency would collect $1,300 and pass along the $1,000 back to you.

Once its bought, the property manager handles all of my rehab, getting tenant, collecting rent, etc.

I simply thought I'd make some improvements to the units, raise rents, and collect income each month.

The book is actually a collection of writings from Wallace Wattles, Bob Proctor, Charles Fillmore (of Unity fame) and many other greats from the human potential movement.

is hubby collecting any benefits?

I'm definitely collecting estimates.

You may also need to go armed to collect your rent when it's late, and you'll have more late rents and bounced checks on the lower end of the market.

Wholesalers tend to make the difference between what they got it under contract for and what they're selling it for, IE if you get a 160k house under contract for 120k (70 cents on the dollar) and sell it for 128k (80 cents on the dollar), you collect an 8k assignment fee, as opposed to the standard 1k that most birddogs get (though higher rates exist).2.

tracy,Two things: file in small claims court and get a debt collection agency to chase them down.It normally costs less than $50 to file a claim in small claims court.