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Posté le: Lundi 11 Décembre 2017, 13:56 Sujet du message: Get rich buying tax liens! Or ?
Saw the infomercial again last night. You can make money two ways. You can buy the tax lien, and then the county gov't has to pay you from 16-25% interest, BY LAW! And/or after a year or whatever, if the property is not reclaimed by the owner, who would then have to pay (you)the tax, it then becomes your property, free and clear!
They showed many houses where such deals were done houses. Some worth $240,000, that were acquired by a tax lien purchaser, for only 1/100th the value - and then they turned around and made that profit!
The interviewing female host of the show said that if that if a person only acquired then sold ONE such tax lien property, that they would make more money, for just that one transaction, than what most people make who work for YEARS at their job!
That is quite the sad state of affairs, if you think about it. That someone can swing a deal and make more money than someone almost killing themselves, working themselves to death. But that is life.That is indeed the way things are. Any Suggestions?
Please help. Thanks!
I didn't find the right solution from the Internet.